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Energy bill support for businesses to be cut back from April through discount

January 9, 2023

Via: Sky News

The government is set to confirm later on Monday that it has decided on applying a discount to wholesale prices, for up to a year, following talks involving business leaders last week.

It would replace the fixed price on wholesale energy costs which the Treasury has estimated would cost £18bn over the six-month lifetime of the outgoing Energy Bill Relief Scheme.

Chancellor Jeremy Hunt had labelled that cost as “unsustainably expensive”.

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