Martin Lewis: CONFIRMED. April 20% Energy Price Guarantee bill rise postponed

Martin Lewis' briefing on what this means in practice, the new unit charge & standing rate, what this means for fixes….
See what it means for your bills: mse.me/3YTulBM

[@satyasyasatyasya5746]

Its worth noting that no matter what is happening, *the electricity prices in the UK, are the HIGHEST IN THE WORLD.* This is not an accident and it doesn't have to be as bad as it is. We need more than 'advice,' we need action and systemic change.

[@ynwa3476]

Agreed. The energy giants are getting away with legal robbery !

[@CommonSense111]

Lots of things happening in the Uk, compliance by the people is unbelievably. This is another big transfer of wealth.

[@kristinesharp6286]

Stop vilifying the energy companies and energy use so more is produced at home. I really wonder who is funding this climate nonsense.

[@engima3196]

​@@CommonSense111 what do you expect people to do?

[@paulmatthews9366]

Don't worry. We'll be getting more nuclear power in 20 years.... we just need to not eat until then

[@kronos4136]

Now in my 60th year, and single, I am selling up and living full time in my medium sized campervan. To hell with paying all these taxes just to stay alive, I'm simply going to drift around the UK/Europe until the day I die, look back and say 'I did it my way'

[@Russellye5man1]

I found it less hassle to simply get a lodger. Their rent takes care of the bills. I enjoy a hot bath and clean bed every night.

[@kronos4136]

@@Russellye5man1 Me too, I enjoy clean bedding and a hot shower every night from my self built campervan, with gas, electric, double bed, solar, microwave etc etc

[@airwavepaul]

​​@@kronos4136 don't forget the peace you'll get not having someone else romping around the place using your kitchen, bathroom, toilet, 😂

[@Russellye5man1]

@@airwavepaul eh, I get plenty of peace. She has as ensuite. Far quiter, and presumably safer, than living in a van.

[@god_ynwa]

Other people on the road claim its an expensive way to live but I guess you know that already.

[@jimw6659]

I don’t understand how wholesale gas prices are lower than they were before the Ukraine war began, yet the prices we pay have multiplied.

[@cmeonthemove]

That's privatisation in a nutshell.

[@djtaylorutube]

Because the gas was bought ahead at a higher price. Renewables energy is traded at the gas energy price which is also bogus.

[@davidbetts9332]

The Ukraine war is an excuse. Prices rose and were predicted to rise further long before Putin attacked in February. Another massive lie.

[@GrahamRead101]

@@cmeonthemove it’s got nothing to do with it. It’s the European market price of gas.

[@GRACEORT]

Because politicians have stocks and shares in energy companies so the more profits they make so do the greedy corrupt politicians

[@davidlazarus67]

Higher standing charges have really hit low users.

[@maccagrabme]

Decades ago they could have been building more nuclear power stations or modular versions and today the world would be completely different and we would all be living far better lives but instead they did NOTHING, knowing full well we were rapidly heading towards a technological age and demand for energy would be far greater, so what do they do? Oh lets close down all the coal power stations and rely on pathetic windmills and friggin' solar!!!

[@davidbetts9332]

And are they not supposed to be for collecting usage and maintenance of meters? Neither of which they do anymore.

[@davidlazarus67]

@@davidbetts9332 It’s supposed to be for fixed costs of the network from its days as state run utilities. The higher standing charges are not justified. It’s a subsidy for heavy users as it cuts the unit rate.

[@davidlazarus67]

@@maccagrabme This was a designed feature of privatisation. No incentive to invest in spare capacity. Privatisation has been a disaster. Let’s face it.

[@stumac869]

@@davidlazarus67It used to be possible to get deals without a standing charge until the regulator intervened. The reason standing charges were forced onto to us was to ensure any bad debt from bust suppliers is paid equally by all households. That's the reason it's been going up as I understand, we're all paying for the regulators incompetence. It has nothing to do with privatisation and we'd be paying it regardless because the government can only waste our money, it has none of its own.

[@ynwa3476]

Martin has enough money to sail off into the sunset and see out his days in peace , but he doesn't do that, he fights for the people of this country and for that, i respect him enormously !

[@Betinasorangeboxcom]

He should be knighted not boris johnsons dad

[@djjuno106]

No he’s the voice of the government he’s nothing more than controlled opposition .. They see him as a friendly face the old people will listen too.

[@evolution4ward923]

​@djjuno106 and works for the banks pushing loan and credit card deals onto people. All part of the system.

[@sonyasmith1991]

@@djjuno106 I agree 100%, don't be fooled by him.

[@TheWatcher-mo4ml]

@@djjuno106 100% this

[@marilyn6518]

A true hero of the people! Thank you.

[@carolineash1104]

Stupid people listening to this nonsense!!!

[@PF-gi9vv]

You've been fooled by him like many others have so don't feel bad, he's against you and all of us.

[@tucker9162]

The thing is, just cos there is a cap doesn't mean they have to charge upto that cap. But we all know the greedy bastards will charge as much as they can.

[@gmo4250]

They are not charging the cap, it’s going to be the lower price of the energy price guarantee.

[@GrahamRead101]

How to completely misunderstand what’s happening in one paragraph. The cost of buying electricity is ABOVE the cap. The energy retailers are making little margin if any. It’s the energy providers that are making the money.

[@seewhatifound]

See my recent note

[@seewhatifound]

@@GrahamRead101 Are you sure , mine charged nearly 20% higher than the wholesale market based on figures as at December 22 @GrahamRead101

[@johnjones6890]

Thank you for all your amazing hard work in helping struggling familys!

[@dianabower3960]

Yes indeed Martin. you're brilliant 👏

[@memyself1566]

Families…

[@PF-gi9vv]

He's done nothing to help you, have on the governments side and made you believe its Russias fault for the price hike. He's paid well to lie to us.

[@haydenharris3059]

Thank you to all the campaingners who helped this to happen.

[@experiment54]

Standing charge is disgustingly high. Criminal for those who use very little.

[@davidbetts9332]

Yes and they don't do what the standing charge is supposed to be for. They don't employ eter readers anymore, the public do it, and they don't maintain the meters.

[@gmo4250]

@@davidbetts9332 The standing charge helps to pay the customers who had credit with the energy firms that went bankrupt, that is why it’s exceptionally high.

[@experiment54]

@@gmo4250 maybe they should have just charged those coming from those cheap deals more.

[@gmo4250]

@@experiment54 So you are basically saying, tough luck if you lost any credit. The people who lost money have to compensate themselves.

[@experiment54]

@@gmo4250 no, I’m saying, why should other people who didn’t take the risk compensate them

[@rjy8960]

What I REALLY want to understand is where the justification for increasing standing charges comes from. To my mind, given energy companies are making record profits, this is pure profiteering.

[@eimkei1339]

To the extent I hope I am following the subject reasonably accurately the point surely what are the profits energy companies are making? If they are beyond the rates of inflation or general cost of living etc, then we are being taken to the cleaners and surely the government should be able to remedy the situation by way of company taxation measures?

[@engima3196]

A big thank you for making this happen Martin lewis. 👍🏽

[@davidrobinson4553]

Thank You for your efforts on our behalf Martin, it's been a very hard winter and this year we were taken off the Warm Home benefit because I was on the wrong benefit and although I'm on the same income as last year and still have the same acute medical conditions one that will eventually finish me off we were denied this help, it's so sad how one government after another on all sides of the political spectrum have led us down this shambolic path.. Thank's Again. Take Care.

[@daviniarobbins9298]

Are you in Scotland? Where I live it has been mostly mild except for about 4 weeks of snow, ice, sleet and freezing temps through out this winter.

[@tigerteff015]

Thanks Martin on behalf of most of us who are really pushed to the limit with these ridiculously high energy costs compared to most countries.

[@Harassed247]

Thank you Martin. You're a hidden voice yet a big voice in this world of worry. May you be blessed always.

[@bullrider9617]

Its people like Martin Lewis what makes this country beautiful !!

[@paularoberts2129]

Why don’t they do away with all standing charges That would really help

[@dangerfulmind]

because it's easy money for them.

[@stephenbaxter3369]

Better still a social tariff for those with a low income.

[@macraghnaill3553]

We never used to have a standing charge

[@erdevon3257]

Stealth tax

[@pavlinkahristakieva3496]

Thank you Martin!

[@markcraven6752]

Thanks for all your help in sorting this out it makes life a little clearer

[@MatthewMills.]

Thanks for all that you do Martin, your channel deserves more subscribers and views.

[@debbiesedgley100]

Well done and thank you for all your efforts with the campaign Martin and a big thank you to your team too! Also great video, thank you for explaining! 😊

[@louiselill1528]

Thank you Martin and all other agencies that helped us keep up the good work.

[@krisbradbury5087]

A few questions 1) Why is the standing charge going up again? The cables and pipes to my home haven’t changed and I’m not getting better quality gas/electric. They are not building better power plants or cables so is this purely an offset for people cutting use? 2) I’m with E.on who crow about 100% renewable energy however they charge the fossil fuel rate. Why? Because they buy from the wholesale market? So it isn’t all renewable then is it! And how can they guarantee it if it’s all the same pipes and cables.

[@jahanzaibfarid372]

I’m with eon to and my unit rate for April was 51p

[@Yorkshiremadmick]

I must admit I’m impressed that your letter worked. I can only see the standing charge as a milk cow. It never went up, just used to vary from supplier to supplier. Now it’s a Tax. Pure n Simple.

[@thegrandmuftiofwakanda]

A milk cow as opposed to a gin and tonic cow.

[@merseamoto3098]

Thank you for the advice, and good to see your name was mentioned in the budget by the chancellor on this.

[@june5334]

Thank you Martin for all your hard work, you are such a great help to us.

[@paulmatthews9366]

So standing charges are the new subscription. So regardless of usage they still rake it in. What a joke. The fact renewable energy is priced at the global gas price should be a national scandal. But don't worry hunt says we'll have more uk electricity in 27 years.

[@stuartkennedy4202]

Welcome Martin. It feels good to help people especially on the scale you are doing. Thank you. 👏

[@caveymoley]

For goodness sake, they really should reduce standing charges and increase unit rates... Why do they do it backwards?

[@JudeTheYoutubePoopersubscribe]

Because then they'd lose money from lower energy users and people who may cut down their usage to save money.

[@caveymoley]

@@JudeTheKZbinPoopersubscribe And yet, reducing consumption to save money is all they ever talk about.

[@JudeTheYoutubePoopersubscribe]

@@caveymoley yup, it's all a big scam. No point trying to reduce energy because you'll have to use so little that you'll make yourself be sat in the cold and dark just to save £50 a month. Life's too short for that kind of crap!

[@robertadowns217]

Thanks for this concession, Martin. It's still far, far too high!! This is due to the incompetence of the government, in not storing enough energy. How can those on a state pension and small private pension manage?? Really, this is outrageous!!

[@MrMmcdaid9]

@Uncle Tom - Irrelevant!

[@nortonansell]

Good times - I might even put the fuse back in gas boiler so it works😆

[@whydoihavetoify]

I have never voted but if Martin wanted to be prime minister wild horses wouldn't be able to stop me from voting for him, he has done more for the people of this country than any PM since 1721

[@matthewbanks187]

Thank you Martin Lewis and team for everything you have done, it's been very hard and very tough Anxiety has been very bad because of this Energy Crisis. Thank you for explaining.

[@josephinejeffery]

We very grateful that you continued to speak out

[@Nighthawk-rk6wo]

Thank you for clearing that up. Non of that in the press as of yet.

[@kjh789az]

Martin, thank you for lobbying and thank you for explaining.

[@DARRENJOHNHARRIS1]

Another great clear update but the usual in one hand and taken away in the other

[@HSolar]

Thank you Martin for all your efforts 🙌🤗

[@ivornappinion9406]

found me a NEW prime minister

[@jackphatcua16]

A big THANK YOU to Martin Lewis!

[@madmonkeybbq9974]

I'm paying 551 per month (for gas and electricity) for a 1500 Square foot detached house, up from 200 before the war in Ukraine. I can't understand why gas prices are not going down significantly when the wholesale price has gone down massively other than our government's decision to get rid of Gas storage facilities, so they have to lock in a price. Why are our government allowing the energy companies to do this to us? Ruining people's lives and also probably leading to some pensioners' deaths.

[@ianwheeler7513]

If the government windfall taxed the energy companies, then the burden on the public purse would be substantially less, correct me if I'm wrong, but the way the government has done this is the burden is basically on the taxpayers.

[@yorkshirepud6676]

Thank You Martin !!

[@kevingardiner-bt1fc]

Thanks Martin for all you are doing

[@joeltube318]

You have done e so much for the people of britain that can't be thanked enough Martin, thank you , thank you so much, it is very much appreciated!!!

[@Tiredmum]

Just realised I am partly subsidising the heating for Sunak's pool. But as a low user I'll get a higher bill. Great.

[@jackierichards1597]

Well done Martin .... you deserve so much credit for this one!

[@bigben8272]

It is clear that standing charges are money for old rope. We need a campaign to scrap standing charges and then people can chose how much they use.

[@aceshigh7722]

Thank you Martin, it’s nice to know that someone looks after Joe Public without wanting something back. 👍

[@michellegreen155]

THANK YOU Martin for setting the wheels in motion and sticking to your Guns.👏👏👏

[@vamanacampbell6197]

Thank you Martin... Please continue to do your good work 🌞🙏🏽

[@stevenmarven2178]

Great work again 👏

[@CarMadElliot]

Thank you Martin for everything. It’s great we have some people looking after us

[@WickedRibbon]

You're a legend, Martin. Thanks for always looking out for the ordinary consumer.

[@Zakronus]

Can someone explain why it is the standing charge that is going up.

[@seany32]

Postponed 🤣🤣 stil a £67 ride for people with no help now

[@RajKumar-zm4ll]

Thank you Sir

[@paulmitchell5349]

A distraction . Food prices, mortgages and rents are the main issue.

[@StephenLyons1984]

thank you

[@Jc-lk7wn]

I am very glad we have U on ourside Martin🙏🙏🙏

[@nw8000]

I am glad I met him once, Great Guy

[@djjuno106]

If we’re losing the £67 a month government help then we are getting a 20% price hike..because my direct debit will go up by £67 a month. I’m currrntly paying £146 a month but it was supposed too be higher but the £67 covered it..with that not being paid my debt will go to what it was supposed to be which is over £210 a month so it has gone up.

[@Moonmixt]

I may be wrong, but I believe there would have been another 20% increase. So you would have paid your current £147+£67 (gov help stopping) = £213 plus another 20% =£255. Instead of rise to £255 you'll pay the £213. Still eyewatering, but that's money in our pockets , rather than theirs!

[@HH-zx2lq]

Stop your direct debit and give readings

[@jahanzaibfarid372]

@@MoonmixtI didn’t quite get when he said the cap for the unit charge is 34p but for april my unit rate is 51p. Why is that do you know?

[@Heligany]

Are there likely to be any more Alternative Fuel Payments for those who dont have mains gas?

[@andrewdugdale7043]

So in other words we are worse off due to losing the government £67 per month.

[@kentneil7100]

nice one...... makes sense to me!!!!!

[@redacted629]

Subsidise bills will still be paid by the hapless UK taxpayer... it's just a case of when and if interest. Fact: the price for oil (and therefore fuel) has gone down and this NOT being passed to the consumer. Fact: the UK government is reaping the rewards via taxation. Why are costs being held up? As pointed out in this video, the standing charge is rising on top of this... NOT USE... This is screwing every energy user and the government's response to this is defer the problem. If I'm wrong then tell me.

[@GrahamRead101]

Here we go again. Please look into how energy is pre purchased to cover commitments the energy suppliers have for the rates they offer consumers.

[@redacted629]

@@GrahamRead101 I understand energy is purchased in advance. Notwithstanding, the government would have been warned in advance of such rises and if (I have to say if, as the government's current goal clearly repeated in the budget is to collect coffers) the government were attempting to act on behalf of their constituents then they would have negotiated down the prices offered to suppliers. If one was to carefully (and painstakingly) outline every tax thrust upon UK citizens one would see that to add to said burdens only offers frustration for some and adverse life changing decisions for others.

[@GrahamRead101]

@@redacted629 not quite sure how any government would "negotiate down prices". The price is the price on the international market. The only way to reduce the price is to buy it, and then sell it a loss to suppliers (i.e. subsidised using general taxation). If you want less taxation then vote for a party that prefers private enterprise not state subsidy. But this is at odds with the first half of your comment.

[@suededogs9670]

Funny the news aint mentioned any of this. God bless you Martin for what you've done. Xxx❤️

[@Slumberesque]

It took a decent, caring, understanding human being and others to expose the cruelly inhumane Tories for the despicable policies and inconsiderate farcical pretense of their social incompetence and Tory traits of greed, gluttony and self interest. We need a political party to represent “our” best interests, Nationalise all the utilities, to supply basic human needs, not basic Tory greed for profits.

[@waynegazard5038]

I know it's revolutionary but imagine having a national gas company that produce invest, store distribute and any profits re invested or paid to our governmen buut undersold it all off to foreign countries. Like railways as a taxpayer my taxes pay shareholders dividends and I cant even afford to use the trains .

[@busyb1504]

Thank you Martin for your persistence with this campaign ❤

[@mandismith89]

highest ever profits in the worst crisis ever? think people need to understand they are being conned

[@brightbluesmurf]

Wholesale prices are down. I'm paying around 40% less on gas alone. How is it the cap wasn't reduced?

[@markmcgrath4853]

great work martin !

[@TelThePower]

Martin Lewis could do the PM's job as well as the Chancellor's... If only! 👍

[@suewright1299]

Very many thanks indeed for such a brilliant and very informative explanation, really helpful and much appreciated. 😊

[@SimonLiddo]

Bless you Martin… our saviour 😊

[@nemohalperin]

It's still obscene that while consumer subsidy is being taken away - the electricity prices are only dropping by a ridiculously tiny fraction. When are we going to get transparent pricing? I am with a renewable electricity only supplier but still paying prices pegged to kwh prices for gas. How can this be legally enforceable? How can there be a genuinely competitive market between fossil fuel generation v renewables until these pricing mechanisms are decoupled? As a consumer crusader we need you to advocate for the fairest mechanism change. To make the electricity market for renewables transparent and competitive - to support and accelerate our energy transition. Otherwise, what will you be telling your children in 10-15 years time? That we did nothing?

[@patriciadefreitas6191]

Thank you Martin ❤️❤️❤️

[@Chris-hy6jy]

They're still effectively "capped" at an artificially high rate so all suppliers are basically charging the same high price resulting in no free market and no competition.

[@claire2088]

why is the standing charge rising so much? surely that penalises people who try and restrict their energy use more than people who use more?

[@djtaylorutube]

You've answered your own question. Increasing the standing charge let's them continue to collect payment wherever you do with usage.

[@anythingpeteives]

My electricity standing charge with Scottish Power is already 56.21p and for gas is 31.93p. Both already above the expected increase. So they must be some of the highest around. How do they compare to the other energy suppliers?

[@gillianoneill6545]

thankyou for all your help and explaining to us i vote you for our next PM ,need more people like you ,

[@danfry909]

The fact that this actually needed a campaign should be of huge concern to all British citizens.

[@Rapid_GT]

Thanks Martin, so based on that ( but my electric and gas St charges and rates were slightly lower than that ) will be roughly 6p a day more on standing charges, my energy provider said recently they expect fixed to start happening soon because I mentioned I may switch provider if there's a better offer, don't let these energy companies to become complacent with your custom, be ready to switch.

[@daviniarobbins9298]

Though the EPG is staying at £2500 it has effectually gone up £400 because of the winter discount. Taking the winter discount of £400 into account the EPG was actually £2100. So it is still going up 19.048%.

[@gmo4250]

The £400 payment was for 6 months only, so you could argue we have just gone from an effective EPG of £1700 and now to £2500, so that’s a 47% increase. For ease of calculation, I will assume the £2500 will be in place for 6 months, now if you average them (£1700 and £2500) out over the year it is equal to an EPG of £2100.

[@joniandre10]

Exactly. I think people are forgetting they will still see an increase of £400 to their bill. I think they will be shocked

[@BillFowler-xi5uh]

@@joniandre10 no gas heating needed so no help with heating

[@daviniarobbins9298]

@@joniandre10 Am on pre-pay for electric. Because of the £400 over the last 6 months I haven't had to top up the meter in the last 8 months and I still will have about 3 months worth of electric on the meter at the end of this month(I have only used about £56 to £60 a month average the last 6 months). So I will be okay until July 1st(I topped it up before the £400 started) not that I am bragging or anything.

[@daviniarobbins9298]

@@gmo4250 My electric/gas usage is no where near £2500. At a rough guess I would say it is closer to £1900 a year at present.

[@joshclayg]

Suppose fuel will start increasing now, as summer comes and people become more mobile. The wealth transfer merrygoround doesn't stop, it just shifts around for maximum devastation for average people.

[@oldboyoverland]

Thanks Martin

[@stephenhaywood5672]

Martin Lewis, you have my respect sir

[@JK_JK_JK_JK]

👍 Vote Martin Lewis for next PM 👍

[@melvynevason7981]

Absolutely zero for small Business government help stopping end of March and our rates are far higher than domestic. Watch small Businesses close.

[@swillomnibuscymru]

Unfortunately this is likely to happen with the raise from 19% to 25% “conservative” be damned nowt conservative about them 😂

[@carlbarton772]

You are a LEGEND.

[@annemackle3559]

Thank you

[@oiyou5870]

The £67 pm goes in April, so do we get that on the 1st April or was the payment in March the last one.

[@thegrandmuftiofwakanda]

What is that £67 pm I've been spending it on hookers.

[@adrianna1289]

Thank you Sir ❤

[@cmeonthemove]

Great news. Now all we need to do is apply the same pressure to get the utilities renationalised.

[@GrahamRead101]

Oh crikey no. All that will result in is no innovation and sclerosis in customer service. The likes of Octopus energy with their innovative tariffs would be impossible

[@andrewstafford-jones4291]

Ofgem says it has agreed to allow the National Grid to raise an additional £20bn over the next 40 years from customer bills to pay for the huge upgrades the grid needs. The 64% increase in the standing charges for Electricity and Gas is designed to hit the Elderly and low users and subsidises all the heavy users disproportionally.

[@RR-mt2wp]

Top Man, Martin would not like to think what the cost would be if you and your team didn't help the public.

[@kb4432]

Nice one Sir, keep up the. Good work

[@sandrabeach7407]

Thankyou Martin 👏👏

[@stevieb6173]

YEAH BIG WELL DONE MARTIN THANKYOU SOOO MUCH MATE 🙏🙏👍👍👌

[@AntonyClayton-eq1ul]

Thank you Martin Lewis for speaking up on our behalf. 💯🙏👏👏👏👏✊✌ It is interesting to find that the prices the foreign owned energy companies (are allowed to) charge in the UK are far higher than in their home territories. And, I believed it was wrong for the government to pay the energy cost supplements directly to the energy companies; for them to make whoopee with. Rather than to the customer. So, a supposed form of financial help, to benefit the least well off appeared contrived to benefit the best off...

[@macraghnaill3553]

The money was paid to the energy company who paid it into the customers bank account every month

[@GrahamRead101]

The £66 went to the consumer?

[@macraghnaill3553]

@@GrahamRead101 Yes! the £66 went to the consumer