The UK's new Prime Minister Liz Truss has hinted that she will freeze energy prices in a bid to tackle the crisis.
Ofgem has stated that from October 1, the energy price cap will rise by 80 percent from £1,971 to £3549, which sparked calls for urgent Government intervention. Ms Truss has said she will confirm what she plans to do about it on Thursday September 8.
There are suggestions that she will freeze the price cap to £2,500 - lower than what it is currently forecasted, but higher than it is currently. This comes after Scotland's First Minister Nicola Sturgeon announced yesterday that there will emergency legislation written into Scots Law, freezing rental rates and banning evictions until next year.
