THE boss of the UK’s third largest energy firm has proposed a plan for the government to subsidise bills, with the poorest getting the most support reports the BBC.

Under the scheme energy firms could borrow from a government-backed fund, using the money to subsidise bills.

Ovo Energy’s Stephen Fitzpatrick said action was needed now, or the least well off would go cold and hungry.

The government said it was preparing to deliver any extra support when a new prime minister was in place.

A typical household gas and electricity bill will rise by 80% to £3,549 a year from October, Ofgem announced on Friday.

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https://www.bbc.co.uk/news/business-62742303