Martin Lewis hospital Parke Martin Lewis

How much is Liz Truss' energy price freeze?

Reading now: 211
manchestereveningnews.co.uk

Liz Truss announced today in the House of Commons a two year energy price freeze. The Ofgem price cap, which was due to rise by 80% to £3,549 on October 1, will be replaced with a “two year energy price guarantee”.

This means energy bills will be frozen at £2,500 for two years in the run-up to the next general election in 2024 as families battle the cost-of-living crisis.

A scheme for businesses, schools, hospitals, other public organisations and charities will “offer equivalent support” but last for just six months.

Truss announced in her speech that a review in three months would decide which sectors should receive ongoing help. READ MORE: Martin Lewis tells Liz Truss what must be done in energy bills freeze ahead of Prime Minister announcement The government currently estimates that this scheme will cost around £150bn.

Read more on manchestereveningnews.co.uk
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA