Companies brace for bills to double but no sector knows yet which will qualify for help
Britain’s biggest business group has urged ministers to quickly decide which industries will receive energy support from next spring as hundreds of companies brace for their bills to more than double.
The Confederation of British Industry called on the government to urgently set out details of how it plans to extend the energy bill relief scheme for firms with large bills beyond March 2023. The scheme, which discounts the wholesale cost of energy for all companies, charities and public sector organisations, was introduced in October to replicate the support offered to households in cushioning the shock from rapidly rising energy bills.
Companies brace for bills to double but no sector knows yet which will qualify for help Britain’s biggest business group has urged ministers to quickly decide which industries will receive energy support from next spring as hundreds of companies brace for their bills to more than double.The Confederation of British Industry called on the government to urgently set out details of how it plans to extend the energy bill relief scheme for firms with large bills beyond March 2023. The scheme, which discounts the wholesale cost of energy for all companies, charities and public sector organisations, was introduced in October to replicate the support offered to households in cushioning the shock from rapidly rising energy bills. Continue reading…
