NEW Prime Minister Liz Truss has announced households in will pay no more for energy bills than £2,500 a year for the next two years from October 1.

She says her government will introduce an ‘energy price guarantee’ to help tackle escalating costs.

Under the plans, the average household in England, Wales and Scotland will pay no more than £2,500 per year.

Ms Truss said the same level of support will be provided to Northern Ireland, which operates under a different energy market.

The measures will come into effect from October 1 and stay in place for two years.

Households will still receive the £400 energy bill rebate, announced by Rishi Sunak earlier this year.

Businesses, schools and hospitals, charities and public sector organisations will also receive equivalent support under a six-month scheme over the winter months.

People not using mains energy, such as oil, will get equivalent support from a government-created fund.

It has not been explained how the scheme will be funded with new Chancellor Kwasi Kwarteng providing more details later this month.

But Ms Truss said the scheme will not be funded by a windfall tax on energy companies.

A ban on fracking has also been lifted, against the Conservative 2019 manifesto.

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