A leading money switching service has spoken out following the government's new plan to knock hundreds of pounds off energy bills for homeowners. .
On May 26, the Chancellor of the Exchequer, Rishi Sunak, announced that the government would be scrapping the plan in favour of a new scheme.
According to the gov.uk website, "Millions of households across the UK will benefit from a new £15 billion package of targeted government support to help with the rising cost of living." The previous plan had aimed to reduce consumers bills by up to £200 from October, with a repayment deal lasting up to five years, but the new plan has a more ambitious target.
Justina Miltienyte, head of policy at comparison site Uswitch.com, said: “Households are feeling the turbulence of a stormy energy market, and the prospect of a £2,800 price cap now looms on the horizon.
Read more on manchestereveningnews.co.uk