Again once we had a Queen the ‘govern’ment introduced they might be serving to companies with their power payments, this morning the plans have been introduced.
The suggestion was that there could be a cap on unit prices of power for a 6 month interval, this has been confirmed.
The main points are being introduced as we write this and look very very like this:
- The cap might be in drive from October 1st 2022 – March 31st 2023
- May also apply to any mounted contracts agreed since April 1st
- Fuel cap set to 7.5p per kWh (£75 per MWH)
- Electrical energy cap set to 21.1p per kWh (£211 per MWH)
There might be a assessment in 3 months time to have a look at assist choices from the 31st March, ‘venerable companies’ is a phrase the federal government has used beforehand and Hospitality has been talked about by title on this respect earlier than.
You’ll not have to contact your provider, this might be mechanically utilized to your invoice. It will nonetheless not present up in your October invoice however obtained in your November invoice onwards.
There are rumours different bulletins might be made on enterprise points reminiscent of a again monitor on Nationwide Insurance coverage and a discount in Company Tax. Hoping to verify this by the tip of the week.
