<ul><li>Typical household will pay no more than £2,500 a year on energy bills</li><li>This will be in effect for two years from 1 October</li><li>The guarantee supercedes Ofgem’s price cap</li><li>Businesses will also be supported on energy costs</li><li>The support scheme for businesses will be for six months initially</li></ul><p style=““ class=“text-align-justify“>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.</p>

This article was written by Justin Low at forexlive.com.