The new premier is expected to tell MPs on Thursday that domestic energy bills will be frozen at around £2,500 as part of a package to ease the cost-of-living crunch – said to cost up to £150 billion. She is tipped to follow through on her leadership vow to end opposition to shale gas extraction in places where it is backed by local communities. Meanwhile, the new PM will also confirm she is scrapping green levies on energy bills and declare her support for more North Sea drilling, The Daily Telegraph said. “No amount of shale gas from hundreds of wells dotted across rural England would be enough to lower the European price any time soon. “And with the best will in the world, private companies are not going to sell the shale gas they produce to UK consumers below the market price.

Source: The Times September 07, 2022 23:57 UTC