A plan that could see energy bills being frozen or lowered is set to be announced on Thursday, it is being reported. The BBC says the 'deficit reduction scheme' is expected to form the centre piece of the government's attempt to tackle soaring energy costs for households this winter.
Small business are also expected to be offered some relief from the scheme that would see energy suppliers being able to take out government-backed loans to help subsidise or freeze bills. The loans would have to be repaid over 10 to 20 years.
Last week, the energy industry united behind its proposal for the scheme to freeze prices at current levels by plugging the gap between wholesale costs and what consumers pay.
