✨ Exciting news for energy savers! ✨
Money-saving guru Martin Lewis has shared some fantastic financial tidings just in time for the holidays. If you’re with British Gas, Octopus, or EON, get ready for a welcome boost to your wallet! 🎉 Starting from April 2026, customers will save £150 on energy bills thanks to an upcoming reduction.
Chancellor Rachel Reeves has announced an average cut of £150 from next April by ditching the costly Energy Company Obligation scheme. Previously, this scheme had households shelling out £1.7 billion annually. By scrapping it, the typical UK household will see a reduction in their costs.
📉 Here’s how it works: The cut, estimated to be around 3.5p/kWh (about 13%) for electricity and 0.35p/kWh (around 6%) for gas, means both fixed and variable rate customers can expect to feel this reduction. Although April’s price cap might change, especially as experts predict a 6% reduction compared to January figures, the ultimate goal is to bring down your bills.
All three suppliers have confirmed their plans to pass these savings directly on to you. Say goodbye to increased bills, as everyone deserves to feel a bit more cushioning during cost crunch times. 🌟
EON and Octopus are committed to automatically adjusting rates come April, with British Gas also on board, ensuring this policy is beneficial for every customer. They’ve welcomed the government’s initiative, as it moves levies into general taxation, believing the savings should be transparent and straightforward.
So keep an eye on your bills come April 2026, because relief is on the horizon! 💡
Got energy-saving tips or past experiences to share? Comment below! 👇 Let’s chat about the best ways to maximise these savings together. 🗨️
For more money-saving advice and updates, stay tuned here! 📲💬
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