Ofgem announced last month that a 54 per cent rise in energy bills will come into effect from the start of April for millions of households across the UK, which will result in an annual increase of £693 to £1,791 for the average user while homes on prepayment meters will see costs go up by £708 to £2,017.
In an effort to help energy customers combat the upcoming hike in gas and electricity costs, Chancellor Rishi Sunak announced a series of financial support measures along with £290 million of funding for the Scottish Government.
The measures include a £200 bill credit 'loan' for all domestic electricity customers - some 28 million - including those using a prepayment meter in Scotland, England and Wales, which will automatically be added to their bills in October.
They will then repay £40 per year from April 2023 for the next five years. Many people voiced concern over the £200 ‘loan’ on social media following the announcement and reached out to consumer champion, Martin Lewis, for advice on how to reject the money.
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