Gas and electricity bills are to be frozen for two years, Prime Minister Liz Truss has announced, but fracking is to restart and more gas and oil will be extracted from the North Sea fields.
The Ofgem price cap will be replaced with a “two year energy price guarantee”, Prime Minister Liz Truss has announced, ending fears that gas and electricity bills could spiral to more than £5,500 at the start of next year. The Government says a typical UK household will pay no more than £2,500 a year on energy bills for two years from October 1.
Ms Truss set out her plan for dealing with the energy and cost of living crisis in a debate in the House of Commons. Energy bills will be frozen at £2,500 for two years in the run-up to the next General Election as families battle the cost-of-living crisis, reports The Mirror.
