How much you'll pay for energy from today under new price guarantee

Energy bills across the UK will rise again from today as the government's £2,500 Energy Price Guarantee takes effect.

Liz Truss' new initiative will replace the Ofgem price cap, which was predicted to see bills rise as high as £3,549 a year for the average UK household. Regardless of the government's new price freeze, bills will still be much higher than they were last winter.

The price freeze will be in place for two years and means that average-use households will pay around £2,500 a year on their gas and electricity. However, actual bills will be higher or lower depending on the level of use. The government will also be bringing in the first instalment of the £400 Energy Bill Support Scheme in October, with payments set to carry on throughout winter.

Read more: Three things households should do before energy prices are hiked again

Prime Minister Liz Truss said: "I know people across the country are anxious about their energy bills, which is why we have acted quickly to help them. Livelihoods and businesses were at stake. The government’s energy support limits the price they pay for gas and electricity, shields them from massive bill increases, and is expected to curb inflation too.

“The cost of not acting would have been enormous. To make sure the British public is not left in this position again, we are also fixing the problem at its source by scaling up home-grown energy and reducing reliance on foreign supplies to boost our energy security and independence.”

Here's a breakdown of how your bills will change from today.

The price guarantee puts a cap on how much energy companies can charge per unit of electricity and gas. Energy bills are then worked out based on how much energy a household uses. There is also a