That’s according to Keith Anderson, chief executive of energy giant Scottish Power, who has proposed capping household energy bills at around £2,000 a year. Under his plans, accounts will be frozen for two years at the current price cap of £1,971. Suppliers would cover the gap between the cap and wholesale prices by borrowing from a so-called deficit fund set up by the government. This will be paid for by the public either through taxation, allocated accounts over the next 10 to 15 years or a combination of the two, the Financial Times reports. Mr Anderson raised the plans at a meeting with Business Minister Kwasi Kwarteng last week. Tory leadership star Liz Truss has admitted she could need more support with the energy bills, but has come out against the “leaflets”.
