As part of the budget this week, the government is taking action to end the ‘prepayment penalty’, introducing fairness reforms to energy bills to remove the premium paid by households using prepayment meters. This will cut energy bills for over 4 million families across the UK by bringing their costs into line with those paid by comparable customers on direct debits, saving them £45 a year on energy bills. The change is expected to come into effect from the 1st of July through updates to the Energy Price Guarantee.
