The government has confirmed that the current Energy Bill Support for businesses will change in April. Under the new scheme, businesses will get a discount on wholesale prices rather than the capped pricing under the present scheme.
The new scheme for businesses (including charities, schools, and hospitals) will run until 31st March 2024. The new scheme will benefit heavy energy-using sectors where the discounts will be larger.
The market remains volatile, and experts warn that bills are unlikely to come down for the next two to three years. Now the support measures have been confirmed, it could be a good time to check the market to see what rates are available for your business.
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