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UK sets out energy market intervention with GBP150 billion 'price guarantee'

By Jakub Krupa ( September 8, 2022, 14:13 GMT | Insight) -- UK energy companies, businesses and households will see an unprecedented energy market intervention with the government planning a price guarantee to limit soaring bills that's estimated to cost around 150 billion pounds, Prime Minister Liz Truss confirmed today. She also announced plans to increase domestic oil and gas production and a regulatory review of the UK's energy market and net zero emissions ambition.UK energy companies, businesses and households will see an unprecedented energy market intervention with the government planning a price guarantee to limit soaring bills that's estimated to cost around 150 billion pounds ($172 billion), Prime Minister Liz Truss confirmed today....

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