Liz Truss’s plan to help consumers and businesses with their energy bills this winter appear to finally be taking shape. The new prime minister reportedly plans to keep bills for a typical households at or below the current price cap level of £1,971. Bills had been due to go up 80% to £3,549 from 1 October and potentially as much as £5,000 next year.
Exact details of the policy are yet to be announced but there have been estimates it could cost as much as £130bn over the next 18 months. In reality, predicting the cost is difficult as it depends on the volatile price of natural gas.
