Martin Lewis breakdown how much you can actually get from government energy bill support
The Money Saving Expert breaking things down to the basics, as per
The Money Saving Expert, who was recently forced to apologise for branding energy regulator Ofgem "a f*****g disgrace", jumped on multiple social media platforms to give a lengthy six-minute summary of how the £400 relief package will look across various different UK households.
At the start of his video, Martin said: "It's quite a good package, and it's probably better than I expected it to be. I am breathing a sigh of relief as it will relieve some of the pressure", despite admitting that most people will soon be paying more than £1,500 a year on their energy bills compared to the rates they were paying before April following the significant cap increase which is predicted for October.
@martinlewismseMy instant response video & analysis of the Chancellor's energy cost of living announcements and changes (done at speed)...♬ original sound - Martin Lewis
He goes on to detail that the homes currently on Universal Credit (UC) and those that claim disabilities will receive a total of £12,000, while those on Universal Credit and other benefits excluding disability will receive approximately £950.
Elsewhere, pensioners are set to receive "£700 extra" and the most low-income homes will be given "a £650 direct payment" into their account. As for everyone outside of these parameters, it's the standard "£400 towards the costs."
Touching on the wider support Chancellor Rishi Sunak promised, he added that "for those with non-means tested disabilities, there will be £150 given" - a payment which will be exempt from tax and separate from the pre-existing cap and will not impact any other existing benefits.
Moreover, Lewis assured that if you're eligible for both the weekly £20 Universal Credit uplift - a crucial lifeline that many families had taken away - and the £650 discount, you should expect to receive both.
Universal Credit: Single dad can't afford Christmas
“My kids love Christmas. But we just can’t afford it.”
��This is what Christmas is like for people on Universal Credit.
Posted by JOE.co.uk on Wednesday, December 22, 2021
As alluded to above, these relief packages are expected to be handed out automatically and directly through a government payment in September, a month prior to the energy cap review.
The entire energy bill discount package is estimated to cost around £15bn and is said to effectively replace the previous £200 loan announced back in February.
- Sue Gray report: Five most shocking revelations from 'partygate' inquiry revealed
- Energy bills: Why are your bills rising so sharply and what can you do about it?
- Travel problems continue as EasyJet cancels 200 flights due to IT issues