Chancellor Jeremy Hunt has extended the energy price guarantee (EPG), keeping it at £2,500 for an additional three months from April to June, which will save a typical household £160.
When Rishi Sunak became prime minister in October, Mr Hunt said that he would increase the cap to £3,000 in April 2023 to reduce the burden on public funds. The scheme was introduced last October by former prime minister Liz Truss and limited a typical household energy bill to £2,500 until March. However, on March 15, before Mr Hunt’s spring Budget, the Government announced the scheme would be extended.
