The government has announced a new energy bill relief scheme to cut bills for businesses, charities, and public sector organisations.
The scheme will run for six months, starting from October, and will see the government pick up nearly half of businesses' soaring energy bills. The scheme covers all non-domestic customers, which includes all UK businesses, the voluntary sector like charities, and the public sector such as schools and hospitals, whose current gas and electricity prices have sky-rocketed in the past months.
As with the Energy Price Guarantee for households, customers do not need to take action or apply to the scheme to access the support. Businesses should expect to be paying £211 per megawatt hour (MWh) for electricity and £75 per MWh for gas, which is around half of the expected wholesale price on the open market.
