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During the budget, the Chancellor is also set to raise the National Living Wage to £10.40 as well as hiking pensions and benefits by 10.1% with inflation.
But this is not certain, and confirmed new payments will be announced during the Statement on Thursday.
Who will get the cost of living payments?
Eight million households currently get cost of living payments worth up to £650, but eligibility criteria could change under any new rules.
At the moment, you’re eligible if you claim the following:
The scheme is where eligible households can get £150 off their electricity bill each winter â but you’ll have to wait until the colder months to get the money off.
Households in England and Wales don’t need to apply to get the cash and they’ll automatically qualify if they are receiving certain benefits.
You can read more about who’s eligible here.
There’s a few hardship funds you might be entitled to through you energy supplier.
Contact them and ask to see what is available, though the application process is very in-depth.