UK government declares limits on energy costs for businesses...| MENAFN.COM

Friday, 07 October 2022 06:14 GMT

UK government declares limits on energy costs for businesses, charities, public areas organizations


(MENAFN) The UK administration on Wednesday highlighted its plans to present a limit on energy bills for businesses, charities and public organizations for six months begging in October.

The new program after increasing energy bills was unveiled by Business Secretary Jacob Rees-Mogg to back "growth, preventing unnecessary insolvencies and protecting jobs," an announcement stated.

Through a new Administration Energy Bill Relief plan shows that “the government will provide a discount on wholesale gas and electricity prices for all non-domestic customers whose current gas and electricity prices have been significantly inflated in light of global energy prices,” it mentioned that.

The offered costs contained that the “removal of green levies paid by non-domestic customers who receive support under the scheme.”

"We know that businesses are very concerned about the level of their energy bills, that's why we are putting in place a scheme for business that will be equivalent to the scheme for households, to make sure that businesses are able to get through the winter, we're going to review it after six months,” Premier Liz Truss stated that.

"We'll make sure that the most vulnerable businesses, like pubs, like shops, continue to be supported, after that," she also mentioned.

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