Liz Truss is getting ready to press the button on £130 billion plans to freeze electricity and gas bills for average UK households this winter.
The new Prime Minister is set to reveal a plan for the government to set a “price guarantee” for bills as early as Wednesday, after being formally appointed by the Queen today.
Under the scheme energy suppliers will be obliged to accept the price set by government in return for guarantees on massive loans to cover the difference between what it costs them to generate and buy power and what it can be sold at.
