Businesses in the UK will have their energy bills capped for six months this winter in a major government support package. The UK Government has stepped in to announce a temporary measure which will see gas and electricity prices for companies fixed for six months in a bid to alleviate soaring costs.
The move, which will also apply to companies, charities, and public sector organisations including schools, expands on Prime Minister Liz Truss' announcement earlier this month that a typical domestic energy bill will be capped at £2,500 per year for two years. You can read more about that here.
UK Government business secretary Jacob Rees-Mogg said the plans would give struggling traders and organisations "the equivalent level of support" as the domestic help scheme with energy costs set to ramp up this winter. We've broken down exactly what has been announced and asked a number of business owners whether the new measures help them this winter.
