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Truss could freeze electricity prices if he becomes prime minister

Truss could freeze electricity prices if he becomes prime minister

The head of the British Foreign Office, Liz Truss, in the event of a victory in the election of prime minister, may freeze electricity prices for millions of households in the light of the energy crisis.

Liz Truss is considering freezing electricity bills for millions of households this winter if she wins the race for the leadership of the Conservative Party, experts say.


Energy company Scottish Power has proposed a £100bn plan to freeze electricity bills for two years, a proposal supported by other utilities, experts say. According to the newspaper’s source, British energy minister Kwazi Kwarteng, a candidate for the new head of the Treasury, is “very open” to such measures.

“I’m sure there will be a mechanism that freezes accounts,” one of the sources said.

 


Truss had previously said that if elected, she would present action on the electricity price issue within her first week as prime minister.


At the end of August, the British energy regulator Ofgem announced that it was raising the maximum allowable electricity bill for consumers by 80 percent from October 1 due to rising global energy prices. Thus, the maximum bill for the British could increase by 1578 pounds. The head of the energy regulator, Jonathan Brearley, warned that energy prices are likely to continue to rise, and called on the future Prime Minister of the United Kingdom to take new measures to combat this.