The Chancellor announced that energy bills for UK businesses will be cut by around half their expected level this winter under a huge government support package. The support is pledged until March 2023 and will mean approximately 45% discount on wholesale energy prices for businesses.
- Wholesale gas and electricity prices for firms are being fixed for six months from 1 October
- Hospitals, schools and charities will also pay the fixed price
- Business energy customers will be charged £211 per MWh for electricity and £75 for gas
- The scheme will be reviewed after three months and may be extended for “vulnerable businesses”
The government said the scheme would apply to companies which had agreed fixed deals at higher prices on or after 1 April, when energy bills started to surge. Those on variable and flexible tariffs will also be eligible.
Companies do not need to contact suppliers as the discount will automatically be applied to their bills, with savings seen from October but received from November. If businesses are contacted by external organisations in relation to this, it could be a scam and should be reported.
Reduce your bills (and you carbon footprint)
Station to Station can help with information on reducing your bills and your carbon footprint through the Business Climate Challenge funding we have recently been awarded by the Mayor’s Office.
Current energy bills
If you have any issues with paying your bills, or disputes with energy companies, there are a number of organisations that can help.
Ofgen – energy advice for businesses
Citizens Advice – if your small business cannot afford to pay its bills
Business Debt Line – commercial energy debt
