Some of the results of the scheme could be easier access to insulation and energy-efficient boilers, but whatever is borrowed from a provider must be paid back over 20 years.
Ian Marchant, chief executive at Scottish & Southern Energy, tells the news source people will have to decide how much of their fuel invoice they want to 'fix', with the remainder set to 'float' – in a similar way to how mortgages are either fixed or tracker.
"At the moment we do not offer people a choice. The package of service, product and pricing is pretty similar. But in the future people will make a lot of choices," he explains.
The Daily Mail recently suggested comparing electricity prices online is another way to reduce bills by up to £200 a year.
Posted by Anne Yevel
Click here to run an energy price comparison, and see if you could be paying less for your gas and electricity.