The government has confirmed that a floor price for gas and electricity will be applied to fixed tariffs as part of the Energy Price Guarantee. The government had previously stated that unit rate reductions of up to 17p/kWh for electricity and 4.2p/kWh for gas will be applied to fixed tariffs, but it has now confirmed these will bring prices down to, but not below, a set of floor rates.
BEIS confirms price freeze arrangements for fixed tariffs
