Prime Minister Liz Truss has today unveiled the Government’s plan to tackle the energy price crisis.
This includes help for businesses as well as households.
Average household energy bills will be capped at £2,500 a year from next month for the next two years.
Equivalent help will be provided for businesses – in other words, businesses will pay the same price per unit (or kilowatt hour) – that has been guaranteed for domestic customers.
This will apply to all businesses, charities and public sector organisations.
However, while the support for households will last for two years the help for businesses will be for six months.
After this, there will be more targeted support for vulnerable sectors such as hospitality.
How this targeted support will work – and who it will benefit – will be determined via a review which will be completed within the next three months.
Please remember the BID offers a Savings Advisory Service that aims to save our members money on their energy, telecoms and merchant fees.
For a free consultation with one of our experts, please email email@example.com or call 03330 156 289.