UK To Cap Typical Household Energy Bills at £2.5K: Truss

The video discusses a new energy price guarantee aimed at providing certainty on energy bills, curbing inflation, and boosting growth. Starting October 1st, a typical household will pay no more than £2500 annually for two years, saving £1000 per year. This is in addition to a £400 energy bill support scheme. The guarantee, which includes a temporary suspension of green levies, supersedes the off gem price gap and is agreed with energy retailers. The plan involves securing wholesale energy prices and implementing long-term measures for affordable future supplies.

What is the primary goal of the energy price guarantee?

• To reduce energy consumption

• To provide certainty on energy bills

• To eliminate energy bills

• To increase energy prices

How much will a typical household save annually due to the energy price guarantee?

• £500

• £2000

• £1500

• £1000

What additional support is provided alongside the energy price guarantee?

• £200 energy bill support scheme

• £300 energy bill support scheme

• £400 energy bill support scheme

• £500 energy bill support scheme

What does the energy price guarantee supersede?

• The carbon tax

• The renewable energy initiative

• The national energy policy

• The off-gem price cap

How will the government ensure the delivery of the energy price guarantee?

• By privatizing energy companies

• By increasing taxes

• By reducing energy supply

• By securing wholesale energy prices