More businesses expected to benefit from government’s Energy Bill Relief scheme

Businesses which renewed their contracts after 1st December 2021 will now be eligible for support

Big Zero Report 2022

The government has unveiled an update to its flagship Energy Bill Relief scheme to help more businesses tackle the energy crisis.

The scheme, which started this month is expected to last for six months.

The support will come in the form of a wholesale price capped at 21.1p per kWh for electricity and 7.5p per kWh for gas.

Businesses that have updated their energy contracts after 1st December 2021 will now be eligible to benefit from the scheme.

For fixed contracts, the discount will reflect the difference between the government-supported price and the wholesale price for the day the contract was agreed upon.

For variable, deemed and other contracts, the discount will reflect the difference between the government-supported price and relevant wholesale price but it will be subject to a ‘maximum discount’ of 34.5p/kWh for electricity and 9.1p/kWh for gas.

Check out more on the energy markets with our ‘feature week’ content on futurenetzero.com.

If you enjoyed this story you can sign up to our weekly email for Energy Live News – and if you’re interested in hearing more about the journey to net zero by 2050, you can also sign up to the future Net Zero newsletter. 

Latest Podcast