UK proposes bill for electricity price cap

A price cap to last upwards of five years for electricity and gas could soon be implemented in the UK after Theresa May presented her hotly anticipated legislation proposal.

Photo: /ritzau/Jens Dresling/

The British government has launched a draft bill for a domestic gas and electricity tariff cap.

The price cap would apply to contracts with variable tariffs, and would thus cover around 11 million households in the UK, reports The Guardian, while BBC reports an estimate of around 12 million homes.

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