Posted on 24 February 2026 Back in autumn, the UK government announced a range of measures aimed at easing the cost of living. One headline announcement was a plan to cut household electricity bills by on average £150 a year. But where does that figure come from? Will everyone see the full saving? And how will it actually show up on your bill? In this guide, we explain what’s changing from April 2026, where the savings are coming from, and what it could mean for you.