Business: Energy

Department for Business, Energy and Industrial Strategy written question – answered on 23rd September 2022.

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Photo of Seema Malhotra Seema Malhotra Shadow Minister (Business, Energy and Industrial Strategy)

To ask the Secretary of State for Business, Energy and Industrial Strategy, what funding his Department has made available to freeze the energy bills of businesses after October 2022.

Photo of Graham Stuart Graham Stuart Minister of State (Minister for Climate)

Further details on the Energy Bill Relief Scheme were announced on 21 September 2022. The scheme will provide a price reduction to ensure that all businesses and other non-domestic customers are protected from excessively high energy bills over the winter period.

There are no cost-free options. The Government must intervene now to guard against worse economic outcomes going forward. This intervention will therefore be funded by the Exchequer.

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