Britain may pay an extra £130 billion over a year and a half from its budget because of the desire of the country’s new Prime Minister Liz Truss, to freeze British energy prices for residents. It is reported by Bloomberg.

According to the agency, Truss is going to freeze electricity prices for residents of the country, so she’s trying to leave them at the same level or make them lower. The point is that under the government’s plan, energy suppliers must collect lower prices from households for its use. At the same time, British authorities guarantee that they will pay the difference in price. By the way, England’s energy prices may differ from prices in Scotland, Wales, and Ireland.

On September 3, Bloomberg reported that six out of ten businesses in Britain could close due to rising electricity prices. According to a survey by Make UK, a group representing the interests of British manufacturers, nearly half of manufacturers have experienced a jump in energy costs of more than 100 percent in the past year.

Previously, Ofgem, Britain’s state regulator for electricity and natural gas markets, said London’s electricity bills would rise 80 percent, to an average of 3,549 pounds ($4,188) starting in October.

Previously, we reported that Russia’s reduction of gas supplies to Europe would cause significant damage to European consumers, as well as consumers in the United States.