UK PM Truss announces household energy bill cap at GBP2,500/year for two years

UK Prime Minister Liz Truss has unveiled plans to subsidize energy bills this winter, capping average households tariffs at around GBP2,500/year in England, Scotland and Wales for two years, versus a scheduled hike from October to GBP3,549/year. Platts assessed the price of month-ahead baseload power in the UK market at GBP393.20/MWh ($451.86/MWh) Sept. 7, down 19% since the start of…