Liz Truss has won the leadership battle and is our new Prime Minister, confirming in her speech that she will prioritise tackling the cost of living crisis and lowering energy bills.
The former Foreign Secretary has pledged to act immediately and decide on the new package to address the financial pressure felt by millions of Britons due to soaring energy bills.
The new government's first Cabinet meeting is expected to take place on Wednesday 7 September, with the cost of living crisis being the number one priority of her first 100 days in Number 10.
Different alternatives that could help the UK with the energy crisis have already been drawn up by the Treasury, with Business Secretary Kwasi Kwarteng expected to be the new Chancellor.
One of the options to be discussed is to freeze energy bills for two years, which has been pitched and backed by several energy suppliers.
Nevertheless Truss has received criticism for her proposals discussed during the leadership race.
Dave Timms, Head of Political Affairs at Friends of the Earth, said: "As our new prime minister, Liz Truss will have to get in step with the majority of people who are dreading a devastating winter of soaring fuel and food bills, amid a spiralling cost of living crisis".
"This means putting people and the planet first by strengthening the windfall tax on the excess profits of oil and gas giants to fund a package of emergency support and energy efficiency measures".
"It’s saying no to lifting the ban on fracking, no to new coal and no to exploiting more North Sea oil and gas. These out-of-touch, short-sighted proposals will do little to tackle the energy crisis and will only lock us into expensive and polluting fossil fuels for decades to come".
