The new British Prime Minister Liz Truss announced her first relief package to help her people with soaring energy bills by implementing a price cap on the bill.
Truss said that a typical household will pay no more than £2,500 per year for each of the next two years,” which will give the average household a £1,000 saving per year.
“New energy price guarantee will give people certainty on energy bills,” she said.
Prior to the announcement, British energy bills were set to reach £3,549 per year from October 1, a leap from £1,971, and were estimated to hit £4,649.72 in the first quarter of 2023 and then £5,341.08 in the second quarter.
