Martin Lewis has issued a stark warning to householders, saying there is no price cap and if you use more energy, you will pay more for it.
The MoneySavingExpert founder put a message on Twitter to confirm there is no cap on how much you pay. He clarified that the £2,500 cap announced by the Government is actually on the standing charges and the unit rates for gas and electricity. This means if you use more energy, you will also pay more.
Mr Lewis said communicating that there is a price cap is "risky" because some people, especially if they are vulnerable or elderly, may think they can keep the heating on all the time in winter without being charged more than £2,500, reports The Mirror.
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He tweeted: "The reason it is so important NOT to communicate that there is a £2,500 cap is it risks some people, possibly vulnerable elderly people, thinking they can keep the heat on max all winter, and they won't pay more than a certain amount."
On Wednesday, Mr Lewis wrote: "THERE IS NO £2,500 CAP ON ENERGY BILLS. Instead the new 1 Oct guarantee, like the old caps, limits - Daily charge (28p gas, 46p elec) - & Unit rates (10p/kWh gas, 34p/kWh elec). So use more, pay more. £2,500 is just what someone with avg use'd pay."
He then added: "PS the standing charges and unit rates are the average for Direct Debit (it varies by region). It's 2% ish higher for prepay, and 9%ish higher for payment in receipt of bills."
Meanwhile, Liz Truss has been accused of falsely claiming nobody in the UK will pay more than £2,500 on their energy bills. The Prime Minister took part in a round of local media interviews to defend her budget, which was announced last week.
Talking to BBC Radio Kent, Ms Truss said she was "making sure that nobody is paying fuel bills of more than £2,500". She also told listeners in Nottingham she was "making sure people across this country are not facing energy bills of more than £2,500".
Her comments were criticised by Full Fact, a fact-checking charity, who said she made false claims during her rounds of interviews. Chief executive Will Moy said: "Liz Truss has repeatedly misled listeners this morning.
"She must now publicly correct her mistake to make sure people are not misled about their energy prices and hit with unexpected and unaffordable energy bills this winter."
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