Money saving expert Martin Lewis has predicted that there’s a more than 50% chance that the UK government will abandon plans to raise energy bills in April.
The Guardian reports that Lewis has been pushing for the government not to raise its Energy Price Guarantee, which caps the cost of electricity and gas, in April.
The EPG is set to rise by 20% in April, pushing a typical household bill up to £3,000 per year, from £2,500.
Lewis said: “The prediction is from July the price cap will drop below the price guarantee so we’ll start to see prices drop.
“That was the reason I wrote to the Chancellor three weeks ago, now supported by 85 charities.”
Addressing the government last night, Lewis said: “Don’t do it! Protect people from getting the letters, protect people from inflation going up, it is a national act of mental health harm.”