Energy bailout will benefit corporate giants who don’t need it, MPs warn

The government has announced a cap that will halve the unit price paid for energy from 1 October. Photograph: Xinhua/Rex/Shutterstock

MPs have raised concerns that the government’s energy bailout for businesses will see corporate giants handed huge discounts they do not need.

The government on Wednesday announced a package of support including a cap that will halve the unit price paid for energy from 1 October to help companies, charities and public sector organisations, including schools, get through the winter. One estimate puts the cost of the scheme at £25bn.