John Adoyi, PBA Journalism MenteeUK Prime Minister, Liz Truss on Thursday delivered her promise to deal with soaring energy prices affecting the United Kingdom by announcing a £150 billion package for households and businesses to support them for the next two years.
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Announcing the “Energy Price Guarantee” plan to the House of Commons, she said a two-year plan, coming into effect on October 1, has been made to limit price of energy to 2,500 pounds on soaring energy bills for the UK households.
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According to Truss, the package would save citizens an average of 1,000 pounds a year.
The Prime Minister also announced a six-month package for businesses, charities and public sector organisations like schools and there will be further support for vulnerable businesses.
Prime business Africa had earlier reported that the European Union had accused Russia of weaponising gas against allies of Ukraine currently being invaded by Russia
This comes after one of the largest exporters in Russia, Gazprom, said it needs to conduct additional repairs on its pipeline after it had previously conducted repairs.
This decision continues to reduce gas supply into Europe to some 20% ahead of the coming winter, making it difficult for Europe to keep up with energy demands from its citizens.
Speaking further, the PM said she would lift the embargo on fracking in the UK to increase domestic oil supply. “It is vital that we take steps to increase our domestic energy supply,” she told Parliament. “We will end the moratorium on extracting our huge reserves of shale, which could get gas flowing as soon as six months where there is local support for it.”
Currently, a typical household’s annual energy bill is due to rise from £1,971 to £3,549 in October and experts have warned that without a relief package on Energy, lives would be at risk this winter.
The Bill from the new UK Prime Minister is already being perceived the required ‘warmth for the winter.’
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