Energy comparison site USwitch said consumers were 'not out of the woods' over energy prices despite new Prime Minister Liz Truss setting out a plan to shield households and firms from the crisis. Energy bills for the average household will be frozen at no more than £2,500 and businesses will be spared crippling increases.
The Prime Minister’s two-year plan paid for by tens of billions of pounds of borrowing will save the typical household around £1,000 from October and protect billpayers from further expected rises over the coming months. For businesses and other non-domestic users such as schools and hospitals, which have not been covered by the existing price cap, a six-month scheme will offer equivalent support.
However Uswitch.com said households could still end up paying on average £237 more for energy over the three coldest months than they did last year - in addition to increases in the cost of fuel and other bills.
