Jeremy Hunt will cancel the £500 hike in average energy bills that was about to hit households, but critics have branded his failure to actually reduce bills as ‘truly pathetic’ ⬇️ kt_grant explains
Now, ahead of Mr Hunt’s Budget announcement, the Treasury has briefed journalists, confirming that the EPG will remain in place for another three months. Under this measure, the £2,500 limit will not be lifted until July, by which time it is likely that wholesale energy prices – which Ofgem uses to calculate the price cap – will have dropped further.
Mr Hosie said: “It’s truly pathetic that the Chancellor has failed to cut energy bills, despite having ample resources to do so. The Tories are ripping families off by keeping bills at such exorbitantly sky-high levels, with many families forced to pay three times what they paid a year ago.
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