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Energy support package: what business owners need to know

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Liz Truss has announced a fresh package of support to cover the huge spike in energy bills this winter – this time for businesses.

Earlier this month, she unveiled the “energy price guarantee” which will freeze annual bills for average households at about £2,500.

The help for businesses is intended to offer equivalent aid, freezing prices higher than they were last year but far lower than they would have been without intervention.

Businesses had warned they would need to cut jobs or be forced to shut down without government help. Here’s what the measures mean for firms:The government will provide a discount on unit prices for energy used by businesses.

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