Businesses which locked into costly years-long energy contracts last summer as the Government promised to shield them from the high energy costs are being left with a support package from April which will not do “much at all”, MPs have been told.
Trade bodies UKHospitality and the Federation of Small Businesses (FSB) told the Business, Energy and Industrial Strategy Committee that their members have signed contracts that force them to pay much more for their energy than it is currently trading for on markets.
