Keith Anderson, ScottishPower Chief Executive, said: “This is decisive action from the Prime Minister and Chancellor and will offer relief for worried billpayers ahead of winter. There is no denying the scale of this crisis has struck fear in the heart of families across the UK and Liz Truss and her team have moved fast with a package of support that offers certainty for longer on energy prices.

“Now we have an immediate solution for households the energy industry needs to lead a three-pronged attack to tackle the issue at source by weaning the country off fossil fuels, doubling down on cheap, clean renewables and, importantly, decoupling electricity prices from gas. 

“We will work closely with the new Secretary of State and the Energy Taskforce to take forward the market reforms needed for the future.”