Energy bills across the UK will rise again from today as the government's £2,500 Energy Price Guarantee takes effect.
Liz Truss' new initiative will replace the Ofgem price cap, which was predicted to see bills rise as high as £3,549 a year for the average UK household. Regardless of the government's new price freeze, bills will still be much higher than they were last winter.
The price freeze will be in place for two years and means that average-use households will pay around £2,500 a year on their gas and electricity. However, actual bills will be higher or lower depending on the level of use. The government will also be bringing in the first instalment of the £400 Energy Bill Support Scheme in October, with payments set to carry on throughout winter.
