The UK Government has promised to help businesses with their energy bills for another year, but significantly reduced the amount of support they will receive. Ministers said that non-domestic customers including businesses, charities and schools, will get up to £6.97 taken off their energy bills for every megawatt hour (MWh) of gas they use.
Electricity bills will also be discounted by up to £19.61 per MWh. The Energy Bills Discount SchemeIt will deliver billions of pounds of support to companies over the 12 months from April 1, 2023 to March 31, 2024, however it is considerably less generous than the support they currently get.
The current scheme is set to cost the UK Government about £18 billion over just six months, compared with £5.5 billion over a whole year for the new plan. The Treasury said this provides long-term certainty for businesses and reflects how the scale of the challenge has changed since September last year.
