Liz Truss Britain Manchester pandemic hospital Bill Liz Truss Britain Manchester

Hospitality leaders wants to see ‘fine print’ of the government’s business energy cap

Reading now: 383
manchestereveningnews.co.uk

With news that the government is set to introduce an energy bill price cap for businesses, hospitality owners are calling for the ‘fine print’ in a scheme that promises to discount bills for six months.

The Energy Bill Relief Scheme will come into effect on October 1. It follows calls from businesses to the government for assistance, with many reporting staggeringly high quotes from energy companies.

The treasury has now said that energy bills will be capped at ‘less than half’ what has been anticipated for the winter. In announcing the plan, Prime minister Liz Truss said: “As we are doing for consumers, our new scheme will keep their energy bills down from October, providing certainty and peace of mind. "At the same time, we are boosting Britain's homegrown energy supply so we fix the root cause of the issues we are facing and ensure greater energy security for us all." All non-domestic energy customers will see prices capped at at £211 per MWh for electricity, and £75 per MWh for gas until the spring.

However, not all are convinced that a six month plan is enough, or whether it will stop some businesses already struggling in the wake of the pandemic from folding.

Read more on manchestereveningnews.co.uk
The website starsalert.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA