Government caps business energy bills
Published by Michael Graves on Thu, 13/10/2022 - 1:03pm
Wholesale energy prices for businesses will be capped at 'less than half' of the anticipated winter levels under the government's support package.
The Energy Bill Relief Scheme offers discounts for all firms for six months from 1 October.
Hospitals, schools and other settings such as community halls and churches will also get help.
Under the scheme, revealed by the Department for Business, Energy and Industry (BEIS), wholesale prices are expected to be fixed for all non-domestic energy customers at £211 per MWh for electricity and £75 per MWh for gas.
Firms do not need to contact suppliers as the discount will automatically be applied to bills.
The scheme applies to fixed contracts agreed on or after 1 April and variable and flexible tariffs and contracts.
Kate Nicholls, CEO of UKHospitality, said: