Martin Lewis has provided the public with 15 need-to-know points about Liz Truss' new energy price guarantee.
Lewis reiterated that the new cap was the limit that energy companies could charge for a unit of energy, not a cap on how high households' bills are. He advised that members of the public should multiply their current costs by 6.5% to estimate what their new bill would be under the guarantee.
He also pointed out that there has been no confirmation from the government on whether the payments made this year to those receiving benefits, with disabilities, and pensioners. The guarantee will be in place for two years, but vulnerable groups who received extra support this winter will likely still need that support in winter 2023.
