80 percent of homes will be eligible for the extra money. Every homeowner with a property graded in bands A to D can receive the rebate.

This will not need to be repaid.

The announcement was made by the Chancellor of the Exchequer, Rishi Sunak on February 3, 2022 in the House of Commons.

Since then, further details have been published on Gov.uk.

The Government website explains households in England, which are in council tax bands A, B, C or D, will get the £150 rebate.

The measure is intended to help low-income individuals with soaring energy bills.

It comes as energy regulator Ofgem announced a £693 rise in its price cap, taking it to £1,971 from April.

Globally, there has been a fourfold increase in the wholesale price of gas.

Currently, a £700-a-year rise in the average household’s energy bills is forecasted this year.

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The Chancellor further announced that local authorities will be given access to a discretionary fund of approximately £150million.

This will be to help lower-income households living in higher council tax properties.

Homes in bands A to D that are exempt from council tax and therefore ineligible for the rebate will also benefit from the fund.

In addition, the Government will go ahead with existing proposals to expand eligibility for the Warm Home Discount.

This will increase the number of people eligible for the payment by one third, which is around 780,000 families.

There will also be a £10 uplift in Warm Home Discounts so the £140 yearly payment will increase to £150 next winter.

This follows a consultation by the Department for Business, Energy and Industrial Strategy to reform the Warm Home Discount policy so more people will benefit.

Eligible claimants can apply for the discount via their energy supplier.

Overall, the Government's £9.1billion Energy Bills Rebate is ultimately aimed at supporting lower-income families with rising energy prices.

As such, all domestic electricity customers will get £200 off their energy bills from October this year.

In addition, the Treasury will make £565million available to share between the devolved administrations in Scotland, Wales and Northern Ireland.

However, Northern Ireland will get an extra £150million to spend on cutting energy bills.