Plan detailed for business energy price cap
Plan detailed for business energy price cap
Abstract
The plan comes into action from 1 October and is expected to cost tens of billions of pounds. The savings will be first seen in October bills, which are typically received in November. It is hoped the move could take the heat out of looming price rises for basic building materials. The cap will apply to fixed contracts agreed on or after 1 April 2022, as well as to deemed, variable and flexible tariffs and contracts and contracts. The cap is set to be in place. The plan will apply for fixed contracts to be agreed on in April 2022. It is expected. The move is to be made to be implemented by the new Prime Minister Liz Truss in the next two years.