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Alahna Kindred & Sonia Sharma

Martin Lewis explains what Liz Truss' energy bills announcement means for households

Liz Truss has made a major announcement on energy bills to help people struggling with the cost of living - now consumer campaigner Martin Lewis has explained what it all means for households.

On Thursday, the new Prime Minister said there would be a new cap on energy bills at £2,500 for two years, in addition to the £400 discount in place. The Ofgem price cap is currently £1,971 for someone on a default tariff who pays by direct debit - but this is set to rise to £3,549 in October.

She said the new measure would save the average household £1,000 a year. Now Mr Lewis has summarised what this means for British households - listing the 15 key takeaways from the PM's plan.

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