The Treasury said four million households will save £45 each year in an early Budget announcement
Around four million prepayment meter customers will no longer be charged more to receive their energy under reforms to be announced in the Chancellor's Budget on Wednesday. Jeremy Hunt is to end the ‘prepayment premium’ from July, saving more than four million households £45 a year on their energy bills, according to the Treasury.
"From July four million households won't pay more than those on Direct Debits. We've already cut energy bills by almost half this winter, and this latest reform is proof again that we're always on the side of families."Prepayment meters have been in the spotlight after some energy suppliers were caught breaking into the homes of people struggling to pay their bills to forcibly install them.
Firms were subsequently banned from installing prepayment energy meters under warrant, but that moratorium is due to expire at the end of March. Top Money Stories Today The Chancellor is also expected to cancel a planned £500 hike in average energy bills which was due to come into force next month. For the average household that means bills could stay at around £2,500, instead of going up to £3,000 as was previously announced.
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