Consumer champion Martin Lewis recently shared a handy list of need-to-knows for all households following the announcement from new Prime Minister, Liz Truss, that energy bills for the average user will be frozen at £2,500 for the next two years.
The Prime Minister’s plan will save the average household on the standard tariff around £1,000 from October and protect billpayers from further expected rises until 2024. However, it’s worth noting that the £2,500 is not the maximum households could pay - if you use more energy, you’ll pay more and similarly, use less and you’ll pay less.
Since the announcement last week, Martin Lewis and the team at MoneySavingExpert.com (MSE) have been going through the details for the Energy Price Guarantee and the financial journalist has now shared crucial details of the daily standing charges for gas and electricity from October 1. The figures are an average estimation for now, Martin and the MSe team will publish the regional breakdown in this week’s MSE newsletter.
