Energy affordability was a central focus of the Autumn Budget, with several measures announced to address the cost pressures facing UK businesses.
While much of the immediate relief is directed towards households, the Government has also recognised the challenges facing industrial and commercial energy users.
With UK industrial energy prices among the highest in Europe, the decision to pause additional policy costs until a comprehensive Cost Control Framework is introduced represents a positive step towards improving affordability. Plans to remove the Gas Shipper Obligation are also welcome news for business gas consumers.
What happens next?
As further details of the Budget emerge, Brook Green Supply will explore the implications for industrial and commercial energy users through our regular policy and regulatory reports and market update webinars.
In the meantime, businesses can learn more about the British Industrial Competitiveness Scheme, including eligibility and potential savings, in our BICS guide.