Martin Lewis has revealed the 15 things households should know following the announcement of an energy price guarantee today.
Prime Minister Liz Truss set out her plans to tackle the energy crisis amid soaring bills across the UK.
Ms Truss announced that she will be freezing bills at the £2,500 mark, as the Government plans to ease the impact of the rising cost of living.
This new figure is around £500 higher than current levels, however the price cap is set to rise by 80% on October 1.
Once that rise happens, the £2,500 figure will be around £1,000 below the Ofgem price cap.
Following the announcement, Money Saving Expert Martin Lewis took to Twitter to share the 15 tips homes need to be aware of.
He said: “New energy price guarantee - 15 quick need to knows for CONSUMERS. Please feel free to share...”
New energy price guarantee - 15 quick need to knows for CONSUMERS. Please feel free to share...#energybills #priceguarantee pic.twitter.com/IbQkJqXJoq
— Martin Lewis (@MartinSLewis) September 8, 2022
On the plan, Ms Truss said: “Earlier this week I promised I would deal with the soaring energy prices, and today I am delivering on that promise.
“We are introducing a new energy price guarantee.
“It will give people more certainty. This guarantee means that from October 1 a typical household will pay no more than £2,5000 per year for the next two years.
“This will save a typical household around £1,000 per year and it will be in addition to £400 worth of support from the Government.”
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