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Ministers to cap firms’ energy bills amid calls for longer-term support

Jacob Rees-Mogg is expected to announce a cap on energy prices for businesses that would cut the rates they pay by up to half this winter.

by | 20 Sep, 2022

The business secretary will outline support on Wednesday for companies, charities and public sector organisations for six months from 1 October, after Liz Truss said they would receive equivalent help to households whose costs are being capped.

Mr Rees-Mogg is expected to cut the rate for electricity and gas for non-domestic users by about 50% and 25% respectively, compared with current contracts for winter, in a plan first reported by Bloomberg and confirmed by government sources.
Read more at The Guardian
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