PM Truss confirms £2,500 energy price cap to come into force

As part of the new energy plan unveiled today (8 September) in the House of Commons, the cap will be in place until October 2024 and reduce household bills by £1,000 a year. The support is in addition to the £400 discount already in place. The cap will relate to standing charges and unit rates, meaning the price of using cost of using energy per unit will not change. The Prime Minster, as expected, ruled out a windfall tax on energy company profits. The support is in response the latest Ofgem forecast that the average UK household energy bill will hit £3,549 from October, potential...