Business' support with energy bills to be slashed from April, government confirms

  • 📰 LBCNews
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 59%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Businesses will now get much less support from the government to cope with skyrocketing energy bills from April

Companies and organisations like schools, charities and churches, will get a discount on their energy bills under the new scheme - rather than having costs capped, as under the current plan.

"It's unrealistic to think the scheme could stay affordable in its current form, but some firms will undoubtedly still find the going hard," said CBI director for decarbonisation policy Tom Thackray. “Wholesale energy prices are falling and have now gone back to levels just before Putin’s invasion of Ukraine. But to provide reassurance against the risk of prices rising again we are launching the new Energy Bills Discount Scheme, giving businesses the certainty they need to plan ahead.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 75. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines