A new Government Energy Bill Relief Scheme will act as an equivalent to the price freeze put in place for households, Jacob Rees-Mogg announced in the last few moments.
Support in the form of a discount will automatically be applied to gas and electricity bills between October 1 and March 31. Supported Wholesale Prices are expected to be £211 per MWh for electricity and £75 per MWh for gas.
Liz Truss, the Prime Minister, said: “As we are doing for consumers, our new scheme will keep their energy bills down from October, providing certainty and peace of mind.”
Mr Rees-Mogg added: “The help we are already putting in place will save families money off their bills, and the Government’s plans for businesses, charities and public sector organisations will give them the equivalent level of support.
“This, alongside the measures we are taking to boost the amount of domestic energy we produce to improve both energy security and supply, will increase growth, protect jobs and support families with their cost of living this winter.”