Following the conclusion of the review into the current ‘Energy Bill Relief Scheme’ (EBRS) for non-domestic customers, the Chancellor of the Exchequer has announced a new ‘Energy Bills Discount Scheme’ (EBDS).
The new scheme aims to strike a balance between supporting businesses over the course of the next twelve months and limiting taxpayer’s exposure to volatile energy markets.
The Chancellor has also written to Ofgem asking it to provide an update on the progress of the review into the non-domestic market in time for the Budget. This is to ascertain whether further action is needed on issues such as: the pricing and availability of tariffs, standing charges and renewal terms, and the ability of certain sectors to secure contracts.
In addition, the Digital team at HM Treasury has also tweeted a series of useful explainers.