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Ahead of the Chancellor’s Spring Budget later today, the Government has confirmed the Energy Price Guarantee (EPG) will be kept at £2,500 for an additional three months from April to June, saving a typical household £160.

Government support has already cut the typical family energy bill by over £1,300 since October, stopping the average household energy bill from hitting £4,279 a year this winter.

The Chancellor’s three-month extension means households won’t feel the full force of Ofgem’s energy price cap between April and June – which stands at £3,280 – helping to bridge consumers into the summer.

More to come …