Energy Security Bill opens door to price cap extension

The government has confirmed that the retail price cap will be extended beyond 2023 in the first energy bill for nearly a decade, which also contains emergency powers to ensure resilience and continuity of fuel supplies. The Energy Security Bill, which was announced in the Queen’s Speech in Tuesday (10 May), will contain powers to enable the extension of the price cap , which the government described as the "best safety net for millions".

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