Ofgem has said the new energy price cap 'will be extremely worrying for many people' and insisted it will ensure 'energy companies support their customers in any way they can' Follow our live updates:
Chancellor Rishi Sunak is set to pledge support to ease the pressure on families at a 5pm press conference.
Mr Sunak will reportedly commit to giving households in council tax bands A to C rebates funded by government grants under targeted measures for poorer households. He could also announce state-backed loans to give all homes a discount on their energy bills of £200.
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