Two major energy suppliers are calling for the creation of a special fund that would allow the industry to freeze customer bills for two years and spread the cost of the gas price crisis for a decade or more.
ScottishPower and Eon are pushing for a bold scheme that would ease the pressure on millions this winter but require billions of pounds worth of loans from banks. Keith Anderson, chief executive of ScottishPower, acknowledged the scale of the idea made it unusual, but said this weekend: “Unprecedented times call for unprecedented action.”
Households on pre-determined energy tariffs face a jump in their annual bills from £1,971 to around £3,582 in October, when the maximum price set by Ofgem rises. Research company