Millions of people across the UK breathed a sigh of relief earlier this month when Prime Minister Liz Truss announced the Government would guarantee the average household will pay no more than £2,500 in energy bills.
However, the guarantee is a maximum price per unit of gas and electricity, so households which consume more than the average will see their bills higher than that.
The "Energy Price Guarantee" - also referred to as the October Price Freeze - came about in response to the continued rise in the price of energy, which was threatening to overwhelm many household budgets this winter. Under the scheme, which starts from October 1, a typical household will pay an average of £2,500 a year on their energy bills, frozen until 2024.
