3Power Energy Group Inc (PSPW)

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U.K. Prime Minister Liz Truss ended England's ban on fracking Thursday, opening the door to domestic shale gas production amid a European energy crisis.

The return of fracking is just one piece of a larger energy and economy plan Truss is pursuing in her first weeks since gaining office. Her administration also announced a national freeze on household energy prices, a plan that will cost the government tens of billions.

Under Truss' plan, household energy costs will be limited to $2,900 per year after ballooning to $4,100 in 2022.