Prime Minister Liz Truss has announced plans to cap average household energy bills at £2,500 a year from October.
CSPA Deputy General Secretary David Luxton highlights the financial picture for pensioners and it is bleak. We have the lowest state pension in the developed world.
A typical household gas and electricity bill had been due to rise from £1,971 to £3,549 in October.
- The price cap in place for the next two years
- This will be achieved through a new Energy Price Guarantee which limits the price suppliers can charge customers for units of gas
- It supersedes the existing energy price cap, and is in addition to the announced £400 energy bills discount for all households
- It applies to households in Great Britain, with the same level of support made available to households in Northern Ireland
More information as we have it.