- Typical household will pay no more than £2,500 a year on energy bills
- This will be in effect for two years from 1 October
- The guarantee supercedes Ofgem's price cap
- Businesses will also be supported on energy costs
- The support scheme for businesses will be for six months initially
There's no mention of the cost yet but previous reports have suggested that it should be at least £170 billion. In effect, this will make energy bills more affordable for UK households but essentially the cost is being spread out to the future.
