Liz Truss is expected to announce an energy bill freeze in the coming days, as well as a policy providing extra support to companies.
Currently, Ofgem’s household energy price cap is set to rise from £1,971 to £3,549 per year for the average household from October. A freeze could mean that the average household energy bill remains at current levels, skipping the 80 per cent rise.
However, a government source reportedly confirmed a suggestion in the Times that bills will be capped at £2,500 and the £400 will still be taken off.
