Martin Lewis has shared an essential list of need-to-knows for all domestic energy customers following last week’s announcement from new Prime Minister, Liz Truss, that energy bills for the average household will be frozen at no more than £2,500 for the next two years.
The PM’s plan will be in palace until 2024 and is expected to save the average household around £1,000 from October, protecting billpayers from further expected rises over the coming months. However, it’s important to be aware that the £2,500 Energy Price Guarantee isn’t the maximum amount households could pay - use more and you’ll pay more, use less and you’ll pay less.
Something Martin Lewis has been trying to drill into everyone over recent months to help them budget for the colder months ahead. The consumer champion has also been instrumental in pushing the UK Government and energy firms to provide more financial support for millions of households across the UK.