HomeWorldUK limits electricity, gas prices for businesses amid rising costs

UK limits electricity, gas prices for businesses amid rising costs

Britain said it would reduce electricity and gas costs for businesses on Wednesday, following a similar plan for consumers to help relieve pressure from rising energy costs.

It said the wholesale price would be capped at 211 pounds ($239.17) per megawatt hour (MWh) for electricity and 75 pounds per MWh for gas.

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The government will compensate the suppliers for the reduction in bulk gas and power unit prices that they are passing on to non-domestic customers, it said.

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