The incoming Prime Minister is mulling over two options – setting a fixed energy price for businesses or a flat percentage discount that energy suppliers must offer to companies.
Bloomberg reports that the Truss government will agree to reimburse energy suppliers for their losses, with the cost set to come to £40bn over the next six months and up to £67bn over the next year.
It has also been suggested in leaked documents that small businesses could receive a larger discount on bills, with Whitehall keen to protect local High Street firms as much as households.
The package will be in place for the start of next month, which is when energy contracts for many businesses are ending, and the terms will be revisited on a rolling basis.
Read more at City A.M.
