I am Pleased that the Government have today announced emergency legislation to establish an Energy Price Guarantee.
This Guarantee with ensure that the average British household pays no more than £2,500 per year for their energy bills for the next two years, starting in October this year.
In particular, I am pleased to hear the Prime Minister confirm a Heating Oil, Park Homes and Heat Networks fund to protect those in rural areas from increasing energy costs. This is something that I had raised with Ministers and will directly support households in rural parts of Tynedale.
The £400 Energy Support Bill Scheme will be maintained, as will the £1,200 of support for the most vulnerable households already announced.
Businesses will be offered an equivalent guarantee for six months, and after six months further support will be provided for vulnerable sectors. The Government will work with businesses to review where this should be targeted.
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