Full story: Energy bill support for UK businesses to be cut by Jeremy Hunt
Alex Lawson
The chancellor, Jeremy Hunt, is poised to announce a cut to the financial support offered to businesses to help with their energy bills, our energy correspondent Alex Lawson reports.
A new scheme to provide support for businesses, charities and public sector organisations at a less generous level than the current scheme is expected to be presented in the House of Commons on Monday.
The existing scheme, which began in October, caps the unit cost of gas and electricity for all businesses until the end of March.
The Treasury is expected to replace that scheme with an initiative that offers a discount on wholesale prices rather than a fixed price.
Energy-intensive industries such as steel, glass and cermaics producers are expected to get a larger discount than those in other sectors.
Hunt met industry groups last week to discuss the scheme, which he…
