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The Guardian - UK
The Guardian - UK
Business
Alex Lawson Energy correspondent

Centrica and Octopus back plan to freeze UK energy bills for two years

An online energy bill on a smartphone
Under the proposals, suppliers could draw on the fund to freeze customers’ default-tariff bills at the current price cap. Photograph: Jacob King/PA

Two of the UK’s biggest energy suppliers have thrown their weight behind a plan being debated in the industry to devise a fund that could freeze customer bills for two years.

The British Gas owner Centrica and Octopus Energy are understood to support a scheme that would create a multibillion-pound facility to spread the cost of an emergency funding package over a decade, the Guardian can reveal.

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