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To ask the Secretary of State for Energy Security and Net Zero, pursuant to the Answer of 24 April 2023 to Question 180257 on Energy: Business, what steps his Department is taking to support business which do not meet the criteria for the Energy Bills Discount Scheme with their energy...
To ask the Secretary of State for Energy Security and Net Zero, pursuant to the Answer of 24 April 2023 to Question 180257 on Energy: Business, what steps his Department is taking to support business which do not meet the criteria for the Energy Bills Discount Scheme with their energy...
The Energy Bills Discount Scheme (EBDS) provides a baseline discount to all eligible businesses and non-domestic customers. The discount is subject to a wholesale price threshold of £107/MWh for gas and £302/MWh for electricity. Businesses experiencing energy costs below this level will not receive support. The EBDS discount is comparably lower than the Energy Bill Relief Scheme discount and reflects the significant fall in energy prices since last September whilst striking the right balance by supporting businesses over the next year, ensuring fiscal responsibility and limiting the taxpayer’s exposure to volatile energy markets.
The Government has extended support comparable to the EBDS to non-domestic energy customers who receive gas or electricity delivered over public networks from non-licensed providers.
What steps is my hon. Friend taking to support businesses with increased energy bills? Companies such as Rodale Commercials Ltd in Loughborough use high levels of gas in the painting process to repair vehicles.
What steps is my hon. Friend taking to support businesses with increased energy bills? Companies such as Rodale Commercials Ltd in Loughborough use high levels of gas in the painting process to repair vehicles.
It is great that my hon. Friend is supporting Rodale and other companies in her area. We know that this is a worrying time for business, which is facing significant increases in global gas prices. My right hon. Friend the Business Secretary is in regular contact with the energy industry and Ofgem to manage the impact of price increases on businesses. Clearly, we need to look at this in the round, and in the context of the £408 billion that we provided throughout covid to allow businesses such as Rodale to survive.