UK Announces Plan to Cut Energy Bills for Businesses by Half

UK Announces Plan to Cut Energy Bills for Businesses by Half
Head chef Tony Henshaw takes freshly baked pasties out of the oven, in St. Austell, England, on March 3, 2012. Matt Cardy/Getty Images
|Updated:

The UK government will pick up nearly half of the soaring energy bills of British businesses to ensure they do not go bust, ministers have announced.

Business Secretary Jacob Rees-Mogg announced a new Energy Bill Relief Scheme, which will provide a discount on wholesale gas and electricity prices for all non-domestic customers, including all UK businesses, the voluntary sector like charities, and the public sector such as schools and hospitals.