Brits could face energy bills of up to £5,000 from April after Jeremy Hunt ripped up Liz Truss' mini-Budget
The new Chancellor said the energy price guarantee - which limits average energy bills to £2,500 - would come to an end in April, despite initially being planned to last two years.
A price cap for April is still yet to be set by energy regulator Ofgem, but consultancy Auxilione has forecast that average bills could hit £5,078.No income tax cut and energy price cap watered down from April as Hunt overhauls disastrous mini-BudgetLiz Truss says sorry for going 'too far, too fast' and vows to fight the next general election as Tory leader
Speaking at the Financial Times's Energy Transition Summit he said: "In the context of the terrible things that are going on in the Ukraine and the consequences of that [it was] right that we set out what some of the potential risks could be.""To strengthen this position further, we have put plans in place to secure supply and National Grid, working alongside energy suppliers and Ofgem, will launch a voluntary service to reward users who reduce demand at peak times.
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