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Edinburgh Live
Edinburgh Live
World
Alexander Smail

Martin Lewis gives his expert opinion on new PM Liz Truss' energy price cap plan

Martin Lewis has shared his "provisional analysis of what may be coming" following reports that Liz Truss plans to freeze energy bills.

The new Prime Minister is reportedly expected to freeze energy bills at around £2,500 ahead of the energy price cap increase on October 1. Energy regulator Ofgem previously confirmed that the price cap would soar to £3,549 in October, with experts predicting it could rise above £5,000 in January.

According to Martin Lewis, the Prime Minister's plans to freeze the price cap at its present level would "help substantially" in the face of the impending energy "catastrophe".

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