UK Government announce significantly reduced ‘Energy Bills Discount Scheme’ for businesses, from 1st April.
The Chancellor of the Exchequer has confirmed that a reduced level of support on energy bills will be available for non-domestic energy users, after current scheme ends in on 31st March.
Businesses will now receive a unit discount, until 31st March 2024. However, the discount that non-domestic consumers will be eligible for has been significantly reduced from the previous scheme. Down to 0.7p per kWh for Gas and 1.96p per kWh for Electric.
Furthermore, the discount will only apply after prices reach a threshold of 10.7p per kWh for Gas and 30.2p per kWh of Electricity. As previously, customers do not need to take action or apply to the scheme to access the support. The discount will automatically be applied to bills by suppliers.