Fans have expressed their gratitude to Martin Lewis after the Government confirmed the Energy Price Guarantee (EPG) rise will be delayed.
The money-saving expert announced the big news on social media which will ensure people save money on their energy bills. Initially, the government proposed a 20 per cent EPG rise in April which would have seen the cap for average households raised from £2,500 to £3,000.
The EPG was introduced as a cheaper alternative to Ofgem's price cap, with the government supplementing the price difference. The proposed rise would have seen households pay around £500 more a year on their energy bills, however, this is no longer the case. Households are now expected to save £160 due to the £2,500 cap being extended to mid-June.
