UK caps annual household energy bills at $2,876 for 2 years

LONDON

The UK household energy bills will be capped at £2,500 ($2,876) per year for a period of two years amid the energy crisis, Prime Minister Liz Truss said on Thursday.

Speaking at the House of Commons in her first major policy announcement as the new leader of the country, Truss said businesses and public sector will also receive government support over the winter months.

“Earlier this week, I promised I would deal with the soaring energy prices faced by families and businesses across the UK,” she said.

“And today I am delivering on that promise.”

The intervention will also include a financial aid of £40 billion to firms operating in the wholesale energy market.