Search

Energy Economy

Thursday
22 Sep 2022

Cost of UK Support to Cap Energy Bills to Be Set Out on Friday

22 Sep 2022  by reuters.com   


Sheep graze beneath a row of electricity pylons near Ellesmere Port, Britain, October 11, 2021. REUTERS/Phil Noble/


Britain's government will set out on Friday the cost of capping energy prices for households and businesses over the next few months to help protect people from soaring power bills, a spokeswoman for Prime Minister Liz Truss said.

The government pledged on Wednesday to cap electricity and gas costs for businesses at less than half the market rate. The finance minister Kwasi Kwarteng plans to make a fiscal statement on Friday to explain his plans to support households and businesses through the coming winter.

"Costs will be set out in the expected fiscal event on Friday," Truss's spokeswoman told reporters.

Keywords

More News

Loading……