Rishi Sunak has unveiled a three-pronged plan, including £9.1 billion worth of rebates, to cushion the blow for households resulting from the sharp increase in the level of the price cap announced by Ofgem this morning (3 February). The chancellor of the exchequer said energy suppliers will give all electricity customers a £200 rebate from October, which will then be recovered from bills over the following five years, with the government covering the costs in the meantime.
Sunak unveils £9.1bn of rebates to cushion price cap hike
