Increase in gas and electricity prices: British government freezes energy prices for companies

In the fight against skyrocketing energy costs, the British government now also wants to freeze electricity and gas prices for companies.

Increase in gas and electricity prices: British government freezes energy prices for companies

In the fight against skyrocketing energy costs, the British government now also wants to freeze electricity and gas prices for companies. From October onwards, a price cap will apply for at least six months, announced the Ministry of Economic Affairs in London.

According to this, electricity should then cost 211 pounds (241 euros) per megawatt hour (1000 kilowatt hours) and gas 75 pounds. This is less than half of the currently expected price, it said. The price cap also applies to public institutions such as schools, churches, clinics and charities.

The government had previously announced that it would freeze energy prices for private consumers. An average household would then be expected to pay £2,500 for electricity and gas, but that is significantly more than the £1,971 currently allowed.

Businesses are asking for more support

"We are stepping in to stop companies from collapsing, protect jobs and limit inflation," Finance Minister Kwasi Kwarteng said. In addition, the energy supply from British sources should be strengthened in order to offer security to the industry, boost growth and be able to make a better offer to consumers. After three months, a review will be carried out to determine whether the program needs to be changed or expanded, or whether it can be terminated.

The BCC Association of Chambers of Commerce welcomed the move in principle. However, despite the help, some companies would face problems, BCC Director General Shevaun Haviland warned. The government must treat these companies preferentially. The industry association British Beer and Pub Association also called for further support. The government must explain how support will continue after the six months, said association leader Emma McClarkin.

Notice British Beer and Pub Association Notice British Chambers of Commerce Government Notice

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