Millions of households will get £100 off their energy bills this winter – but will still end up paying hundreds more than in previous years.
Chancellor John Healey announced the measure which he said would help 20million households in council tax bands A-D – half of all homes.
But energy experts predict the price cap will rise by nearly £300 in January due to wars in the Middle East and Ukraine, wiping out any savings.
The energy price cut will be taken off council tax this winter and will cost £2.6billion to provide households with what the Chancellor called ‘breathing space’.
Mr Healey also
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