Energy bill support for firms set to be cut

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Energy bill support for firms set to be cut
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The government will replace the current scheme at the end of March with a less generous one.

A new scheme to support firms with their energy bills will be announced in the House of Commons on Monday.

Very heavy energy-using sectors, such as steel, glass and ceramics, are expected to get a larger discount than others, Treasury sources said. But the total level of government support is expected to fall sharply - by more than half - from the £18.4bn the current six-month scheme is estimated to have cost by the time it ends.This is partly due to wholesale energy prices falling very sharply in recent months.

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