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The Guardian - UK
The Guardian - UK
Business
Joanna Partridge and Jamie Grierson

Shielding Britain’s households from energy crisis ‘will cost more than £100bn’

A smart energy meter in a home
On Friday Great Britain’s energy regulator, Ofgem, publishes its latest update to the price cap from October, which is forecast to soar from £1,971 to £3,582. Photograph: Tolga Akmen/EPA

The energy industry’s favoured plan to shield Britain’s households from the soaring cost of energy will cost more than £100bn over two years, according to the boss of one of the UK’s largest power operators.

Keith Anderson is the chief executive of ScottishPower, one of the big six energy suppliers, which alongside the rival firm E.ON came up with the deficit tariff scheme that was last week backed by the trade body for the sector, Energy UK.

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