Reports suggest the scheme will see set reductions on the per kilowatt hour price businesses are charged as part of the chancellor's mini budget next week
The government is considering introducing a fixed discount for businesses on the amount they are charged per kilowatt hour for energy as part of its plans to tackle soaring prices, reports suggest.
The Department for Business, Energy and Industrial Strategy did not deny the policy was on the table ahead ofChancellor Kwasi Kwarteng will be holding a meeting with the Bank of England and some energy firm bosses on Saturday to discuss the schemes already confirmed by the government amid the cost of living crisis, a Treasury source told Sky News.
But they said the meeting was part of"regular" and"ongoing engagement" with both the bank and the energy sector, and would not confirm reports of the business discount. Liz Truss announced her initial plans to tackle surging energy bills last week, outlining an energy price guarantee to restrict bills to £2,500 for two years from October - about £500 higher than now, but £1,000 less than Ofgem's incoming price cap rise.
This would only apply to households, as business are not subject to a cap, and firms have criticised the new prime minister for failing to flesh out the detail around her promise for six-months of equivalent help.
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