Government unveils new Energy Bill Relief Scheme

Cut wholesale energy prices by 50%

The government revealed wholesale energy prices for businesses will be cut by more than 50% this winter. This covers all non-domestic customers, including all UK businesses, the voluntary sector such as charities and the public sector such as schools and hospitals.

The Department for Business, Energy and Industrial unveiled its new Energy Bill Relief Scheme this morning (21 September) which will be introduced 1 October and run until 31 March 2023 and will be automatically applied to appropriate businesses. Chancellor Kwasi Kwarteng said: "We have stepped in to stop businesses collapsing, protect jobs, and limit inflation. And with our plans to boost home-grown energy supply, we will bring security to the sector, growth to the economy and secure a better deal for consumers." Treasury Committee seeks 'vital' forecast assurance from chancellor U...