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Phil Tomlinson, Professor of Industrial Strategy, Deputy Director Centre for Governance, Regulation and Industrial Strategy (CGR&IS), University of Bath

Energy price freezes and business support are sticking plasters – here's how to protect UK families and companies from future crises

Businesses also face higher costs this winter. Dragon Images / Shutterstock

The UK is bracing itself for a dark winter following the recent announcement of an 80% increase in the government’s energy price cap from October 1 2022. This will raise the annual bill for an average UK household to £3,549. The cap is expected to go up again by up to 50% in January 2023, and some forecasters even fear bills could almost top £8,000 by the end of that year.

The energy price cap does not apply to businesses or public sector organisations such as schools and the NHS, however. There is no limit to what these organisations can be charged for their energy use. As heavy users of energy, exorbitant energy costs threaten their daily operations.

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