Energy Price Guarantee (announced 8 Sep): initial reaction & questions

MSE_James

Update: read MSE's news story with Martin Lewis's instant reaction - and now a video too:

https://www.youtube.com/watch?v=uONf5DrqtoM 

And another video (15 September) for people on fixes:

https://www.youtube.com/watch?v=eYH2zeilfZ8

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Hi all

We've created this thread to gather in one place some of the initial reaction and questions arising from Liz Truss's announcement about updated Government measures to respond to the energy bills situation.

The Prime Minister is expected to speak in the House of Commons at about 11.30am.

Obviously Martin and MSE's team will be watching closely and will be publishing lots of new material throughout the day to summarise the information we're all waiting to hear about how today's plans will affect our bills.

Please be assured that our MSE colleagues are keenly aware of the groups not always included in the headline announcements, like those who rely on heating oil, or pay a third party for their energy rather than having a direct contract with a supplier. We may not get all the answers today, but MSE will certainly be asking the questions, and will share news when we have it.

On Tuesday Martin wrote a blog post setting out his initial take on the rumoured Government action - whatever today brings, it remains a good summary. 

We may merge some other threads into this one if necessary, to try to keep the Energy board easy to navigate.

DAVEMCFC

Will Martin be on ITV tonight, to explain the details?

MSE_James

Martin will be on a number of TV and radio channels during the day, so stay tuned.

DAVEMCFC

It would be better if I knew what time to tune in, rather than having to have the TV on all day, in the hope of seeing Martin being interviewed.

alidai

DAVEMCFC said:

It would be better if I knew what time to tune in, rather than having to have the TV on all day, in the hope of seeing Martin being interviewed.

Then maybe have a look at the specific channels you will watch for their information on who is on and when

The_Green_Hornet

I think I will wait until the actual details are published by the government/OFGEM.

DAVEMCFC

alidai said:

DAVEMCFC said:

It would be better if I knew what time to tune in, rather than having to have the TV on all day, in the hope of seeing Martin being interviewed.

Then maybe have a look at the specific channels you will watch for their information on who is on and when

If Martin is only appearing as a guest, then the channel will not give details of what time he is being interviewed. If there is not going to be an ITV special, then I suppose I will have to rely on the internet insted, as that is more up to date.

ariarnia

Hi James. you just locked a thread where we had a friendly betting pool on the cap. now we can't announce or celebrate the closest guess. 

can you please open it back up again? 

https://forums.moneysavingexpert.com/discussion/6385544/price-cap-get-your-crystal-ball-out-and-place-your-bets#latest

Mstty

Also closed a good discussion thread of mine without merging as suggested above.

Oh to have the power @MSE_James

Expect to be ignored.

Shack_attack

Does anyone have a round about guess on what the unit cost will be capped at? I saw someone suggest 33-34p for electricity but haven't seen anything for gas. Thanks

MSE_James

ariarnia said:

Hi James. you just locked a thread where we had a friendly betting pool on the cap. now we can't announce or celebrate the closest guess. 

can you please open it back up again? 

https://forums.moneysavingexpert.com/discussion/6385544/price-cap-get-your-crystal-ball-out-and-place-your-bets#latest

That's now open again