The UK government on Wednesday outlined its plans to introduce a cap on energy bills for businesses, charities and public organizations for six months starting in October.
The new support plan amid soaring energy bills was unveiled by Business Secretary Jacob Rees-Mogg to support "growth, preventing unnecessary insolvencies and protecting jobs," a statement said.
Through a new Government Energy Bill Relief Scheme, 鈥渢he 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,鈥� it added.
The government has set a Supported Wholesale Price, which is expected to be 拢211 ($239) per MWh for electricity and 拢75 per MWh for gas.
The proposed prices include the 鈥渞emoval of green levies paid by non-domestic customers who receive support under the scheme.鈥�
"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,鈥� Prime Minister Liz Truss said.
"We'll make sure that the most vulnerable businesses, like pubs, like shops, continue to be supported, after that," she added.
鈥淲e have stepped in to stop businesses collapsing, protect jobs, and limit inflation,鈥� Chancellor of the Exchequer Kwasi Kwarteng said.
The business secretary said the UK has 鈥渟een an unprecedented rise in energy prices following Putin鈥檚 illegal war in Ukraine, which has affected consumers up and down the country and businesses of all sizes.鈥�
鈥淭he help we are already putting in place will save families money off their bills, and the Government鈥檚 plans for businesses, charities and public sector organisations will give them the equivalent level of support,鈥� he added.
Similar measures were announced for household energy bills two weeks ago, with prices capped at 拢2,500 ($2,876) a year, for two years.
By Ahmet Gurhan Kartal
Anadolu Agency
energy@aa.com.tr