What does liz truss' energy bill cap mean for people on fixed tariff?

Prime Minister Liz Truss said typical households would pay no more than £2,500 a year for their energy bills for two years. However, many people who switched to a fixed tariff before the

news will be worried that they may in fact be worse off. British families who are struggling to pay their energy bills will have welcomed the news that energy bills will be capped at £2,500.

The Ofgem energy price cap is currently £1,971, but it was set to rise to £3,549 from October 1. A £400 energy bill rebate was already announced by Rishi Sunak, when he was Chancellor,

which is set to be paid out in coming months. While the October price cap rise will not go ahead as planned, many people had already switched to fixed tariffs in preparation for the

increase. Shortly after the announcement, MoneySavingExpert.com founder Martin Lewis issued an important update warning people that some of the information around fixed tariffs could now

change. READ MORE: 'NO GAS, NO ELECTRICITY': MUM-OF-FIVE SAYS DWP LEFT HER DESTITUTE UTILITY BIDDER ALSO SHARED FOUR TIPS FOR PEOPLE LOOKING TO REDUCE THEIR ENERGY BILLS:  1 - Be

conscious of lighting “Smart light switches include an occupancy sensor, which automatically turns lights on and Off. This can be extremely useful for rooms, such as conference rooms or

meeting booths where lights are left on a lot. In the home, energy-saving light bulbs can help reduce energy usage. Also, be sure to turn any lights off when you leave the room to save

wasting energy on an empty room.” 2 - Switch off electricals at night “When you have finished working for the day, it’s important to switch off all devices such as computers, as not doing so

can significantly increase your energy bill. Turning off a single monitor when it’s not in use and over the weekends could save up to £35 a year on electricity bills.” 3 - Invest in

up-to-date technology “Older versions of appliances such as fridges, computers and even boilers are far less efficient than modern versions. It is worth doing an appliance audit and looking

into the appliances that could do with an upgrade.” 4 - Install a smart meter “These can also be installed in the home to allow you to monitor your energy usage.”