It is being reported today that households could get another £400 off their energy bills this coming winter in new plans being worked on by government ministers. Reports say that Chancellor Nadhim Zahawi has asked officials at the Treasury to look at the idea.
If confirmed, it would see a drop in the energy price cap in January. It would also give regulator Ofgem more say in what the price cap should be and also scrap an allowance that is currently charged to customers by energy firms, the Times reported.
The newspaper's report suggested that the cost would be met by the Treasury and the Bank of England, reports BirminghamLive.
