Energy bills for businesses to be halved this winter

Businesses will be given financial support for six months to cover up to 50% of their energy bills in the latest move by government to mitigate soaring energy costs

With bills increasing by up to 400% in some cases, businesses, charities and public sector organisations, including schools and hospitals, will be receive an automatic adjustment to their energy bills based on a fixed price set by the government.

Through a new Government Energy Bill Relief Scheme, the government will provide a discount on wholesale gas and electricity prices for all non-domestic customers. This support will be equivalent to the energy price guarantee put in place for households. However, the government has not estimated the cost of the intervention nor given any indication of whether the money will be borrowed or raised through longer term tax measures.

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