The Prime Minister's two-year plan paid for by tens of billions of pounds of borrowing will save the typical household around £1,000 from October and protect billpayers from further expected rises over the coming months.
For businesses and other non-domestic users such as schools and hospitals, which have not been covered by the existing price cap, a six-month scheme will offer equivalent support.
After that there will be ongoing support for the most vulnerable industries, with a review in three months' time to decide where the help should be targeted.
The plan will see the Government limit the price suppliers can charge customers for units of gas, replacing the existing price cap set by regulator Ofgem.
Ministers will provide energy suppliers with the difference between the new, lower price and what they would charge were this not in place.
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Denne historien er fra September 09, 2022-utgaven av The Herald.
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REACTIVE ROONEY
EMOTIONS GET THE BETTER OF ARGYLE BOSS
Obafemi's first goal gets overshadowed by drama
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Perks hopes big crowd can be the difference in Devon Derby
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Bentham's great finish is in vain in Cherry Tree loss
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Poor OAPs' fuel aid blow
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Naval staff rally round colleague
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Meet the man known as the King of hospitality
EDMOND DAVARI MARKS 40 EARS AS A RESTAURATEUR
Town residents under a 'midnight curfew'
WOMEN ‘AFRAID TO GO OUT’ WHEN STREET LIGHTS SWITCHED OFF
TRP allows mobiles at interactive show
AUDIENCES WILL BE ABLE TO GIVE LIVE FEEDBACK