Ministers review 'baffling' cut-off for energy bill aid package and agree wider deal that will help thousands more business who fear crippling prices may push them off the edge
Ministers review ‘baffling’ cut-off for energy bill aid package and agree wider deal that will help thousands more business who fear crippling prices may push them off the edgeOctober 11, 2022 9:18 pmIts energy subsidy scheme for companies has been extended further to cover contracts signed as far back as December 2021.wholesale energy prices jumped following Russia’s invasion of Ukraine in FebruaryThe extension means more companies can get help with their energy bills this winter.
Bloomberg, which first reported the expanded deal, estimated the initial package may cost from £21bn to £42bn over six months. It is separate from a £130bn scheme to help UK households with their domestic energy bills. Energy officials declined to comment on how much the expansion might increase the cost.
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