Chancellor to cut extra costs paid by prepayment meter customers
2 years ago

Chancellor to cut extra costs paid by prepayment meter customers

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Prepayment meter customers will no longer be charged more to receive their energy under reforms to be announced in the Chancellor’s Budget. 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. Our changes will make sure families aren’t penalised simply for how they heat their home Energy Secretary Grant Shapps Mr Hunt said: “It is clearly unfair that those on prepayment meters pay more than others. Energy Secretary Grant Shapps said: “While actions I’ve pushed for have meant forced installations are on pause, warrants aren’t being waved through and Ofgem is toughening up its reviews, our changes will make sure families aren’t penalised simply for how they heat their home.” Meanwhile, the Chancellor is expected to cancel a planned £500 hike in average energy bills which was due to come into force next month.

History of this topic

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