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Expert warns there is ‘no £2,500 cap’ on energy bills as households are urged to read their meters


A financial expert has warned that Liz Truss’ vow to keep household energy costs below £2,500 is a ‘miscommunication’ and that there is no limit on how high bills can go as Britons are encouraged to read their meters before the price hike in two days.

Martin Lewis, founder of MoneySavingExpert.com, said the price cap applies to the amount energy companies can charge, not the rates each household will pay.

He argued the £2,500 figure presented by the Prime Minister is what Ofgem estimates a typical household would pay for gas and electricity, but ‘if you use more, you will pay more.’

Mr Lewis’ remarks come after Ms Truss claimed the Energy Price Guarantee would ensure ‘no household is having to pay more than £2,500 on energy bills.’ 

The energy price cap goes into effect on Saturday and will limit the rates an energy supplier can charge consumers. 

The Government hopes the cap relieve some of the impacts of the crippling cost-of-living crisis that has seen soaring food and fuel…



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Written by Bourbiza Mohamed

A technology enthusiast and a passionate writer in the field of information technology, cyber security, and blockchain

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