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Martin Lewis says high chance energy bills will not rise by £500 next month as planned

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Speculation is mounting that the UK Government is set to cancel a planned £500 increase on energy bills for the average household from the start of next month following a campaign led by Martin Lewis.

The consumer champion told BBC Radio 4’s Today programme last week that he thinks there is now an “85 per cent chance” the £2,500 Energy Price Guarantee will not increase to £3,000 from April 1.

In a letter to Jeremy Hunt last month, the founder of warned the Chancellor that 1.7 million more people could be pulled into financial hardship if he does not freeze prices in the spring.

The letter has been supported by over 110 charities and organisations and in a tweet on March 3, the financial journalist said that “all unofficial indications now show it looks like we've now won this campaign.” His comments come after two separate reports from the BBC and the Times that the UK Government is close to deciding to keep bills unchanged.Energy bills are currently capped at 34p per unit of electricity and 10.3p per unit of gas for households across the country - for the average home that means a bill of around £2,500 a year.

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