Truss draws up plans to freeze energy bills for all until at least the end of January

, Ms Truss was finalising her strategy to freeze bills at the current price cap of £1,971 for the average household, in order to avoid the cap rising to £3,549 in October.

However, this level of borrowing is likely to at least double if the plan is extended to cover further rises in the energy price cap in the spring and summer of 2023, by which time forecasters predict thatThe cash is likely to be handed directly to energy suppliers in the form of a loan, and then passed on via household bill discounts that will keep energy prices at the current level.

Another Government official added that Ms Truss and Mr Kwarteng had been in “almost constant contact” over the past few weeks discussing what plan the new administration will put in place to help ease the cost of energy bills.

DavidParsley50 HugoGye Won't touch the sides, renationalise them and embarrass captain HAM Starmer

Your tweet was quoted in an article by Yahoo! UK News

DavidParsley50 HugoGye Look out for low-flying pigs

DavidParsley50 HugoGye This won't even touch the sides CostOfLivingCrisis ConservativeLeadershipContest

DavidParsley50 HugoGye Then what will happen in January?

DavidParsley50 HugoGye So... Truss wants to reward the profiteering gas companies at tax payers expense then... Says it all.... ☹️☹️☹️

DavidParsley50 HugoGye Sure it's not 'plans public to freeze in January'?

Energy Energy Latest News, Energy Energy Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Truss 'in talks to freeze energy bills' to combat cost of living crisis this winterLiz Truss is reportedly considering freezing energy bills for millions of hard-pressed households this winter, in a bid to combat the cost of living squeeze. No she’s not. Guaranteed the liability will be put onto the tax payer as opposed to her beloved oil & gas industry who are making obscene profits, projected at £170billion, from UK public and sucking ££’s away from every household and every other UK business. 👇 It should also be reduced down to 2005 rates
Source: LBCNews - 🏆 75. / 59 Read more »

Public venues could be heat banks for those struggling with billsSome Nottinghamshire councils say progress is being made on establishing 'heat banks' All these great ideas! First Food banks now Heat banks. If the government legislated the price of fuel/ cost of living/ wages better then we wouldn’t be having these things in the first place. It’s all designed to make you beg for necessities, keep you where they want you.
Source: nottslive - 🏆 96. / 52 Read more »

What Liz Truss's touted policy to freeze energy bills could mean for your moneyWhat Liz Truss's touted policy to freeze energy bills could mean for your money ➡️ Truss’s team is said to be discussing plans for a gas and electricity price freeze with industry leaders Truss’s team should not be ‘discussing’ plans with industry leaders. They should be demanding.
Source: i newspaper - 🏆 8. / 89 Read more »

New Prime Minister Liz Truss expected to freeze energy billsEnergy industry sources tell the BBC they expect an overall freeze in bills to be announced this week. The 'plan' is to make people pay it back over 20 years while letting the energy companies accrue billions in profit. Where is Scotland's Sovereign Wealth Fund? 🤷 ScottishIndependence 🏴󠁧󠁢󠁳󠁣󠁴󠁿
Source: BBCNews - 🏆 3. / 97 Read more »

Liz Truss looks at energy price freeze to tackle spiralling bills\n\t\t\tJournalists in 50+ countries follow the constant flow of money made and lost in oil & gas while\n\t\t\ttracking emerging trends and opportunities in the future of energy. Don’t miss our exclusive\n\t\t\tnewsletter, Energy Source.\n\t\t You know it would be a lot easier if we just had a Labour Government to enact Labour policies instead of a Tory one that steals them and implements them badly Reasonable decision of the bureaucracy, dependent in a democracy on the supply of food for voters Not freeze but look to lock the prices indefinitely, it’s about the basic standards for society while protecting industry
Source: FT - 🏆 113. / 51 Read more »

Liz Truss looks at UK energy price freeze to tackle spiralling bills\n\t\t\tJournalists in 50+ countries follow the constant flow of money made and lost in oil & gas while\n\t\t\ttracking emerging trends and opportunities in the future of energy. Don’t miss our exclusive\n\t\t\tnewsletter, Energy Source.\n\t\t
Source: ftenergy - 🏆 47. / 63 Read more »