Prime Minister Liz Truss has confirmed a new energy price guarantee which will freeze the price cap for average household bills to no more than £2,500 from October 1.
This comes after Ofgem set the price cap at £3549 to which charities and experts urged the UK Government to intervene. While the current price cap is at £1,971, all homes will still receive the £400 energy discount that is being given out in instalments.
Speaking to the House of Commons on September 8, Ms Truss announced that the Government plans to set up fund for those using heating oil, living in park homes or those on heat networks to ensure that all UK consumers will benefit from “equivalent support".
