Martin Lewis has issued a warning following the government's plans to drop energy support this coming winter
It comes after Ofgem announced it would bring down the energy price cap in July to £2,074 - a huge cut from its current cap of £3,280 per year. The lower cap will ultimately replace the government's Energy Price Guarantee which places the maximum charge per unit of gas and electricity in line with an average annual bill of £2,500.
"The energy price guarantee was a subsidy from the state that was planned to last until next March but is no longer needed. That means the state is spending tens of billions less than it planned to on helping people with their energy bills. However, the money-saving expert highlights that one particular group of billpayers will be missing out on any form of help. He states that this group ultimately may need more 'targeted support'.
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