Household bills will be frozen at £2,500 from October 1 for two years. That's £500 higher than current levels but £1,000 lower than the Ofgem cap.
said the plan will be delivered by securing the wholesale price for energy, while putting long term measures in place to keep the prices low in the future.
On the plan, Ms Truss said: “Earlier this week I promised I would deal with the soaring energy prices, and today I am delivering on that promise.“It will give people more certainty. This guarantee means that from October 1 a typical household will pay no more than £2,5000 per year for the next two years.
“This will save a typical household around £1,000 per year and it will be in addition to £400 worth of support from the Government.” Ahead of today’s announcement, Ms Truss blamed the soaring global prices on Russian president Vladimir Putin’s war in Ukraine and the “weaponisation” of gas supply in Europe.
She said:"We will take action immediately to help people and businesses with bills but also take decisive action to tackle the root cause of these problems, so that we are not in this position again.Share
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