Jeremy Hunt held talks with business leaders on the issue today and there is frustration over a lack of detail that had expected to have been decided before Christmas.
Tina McKenzie, Policy Chair of the Federation of Small Businesses was critical of the lack of detail.
"Small firms are still very much in the dark on whether they'll continue to be supported on energy bills when the current Energy Bill Relief Scheme expires in March," she said."We made it clear in our meeting with the chancellor today that we can't afford a cliff-edge scenario that would see a raft of business failures.
"I think there is widespread recognition that high levels of support cannot be available to everybody because that is just not affordable for the country. Finding a happy medium somewhere in between has got to be good for businesses and good for consumers, because anything that leads to costs increasing is inflation for us all as consumers.
The current support package runs for six months from last October and effectively capped the cost of electricity for businesses at £211 per megawatt hour , and electricity at £75 per MWh. At the time electricity prices were around £320 per MWh and gas £140 per MWh, government estimated the scheme would save a pub £3,100 a month on bills and a school £4,000.fallen below the level of government support by the summerThe cut in government support for business will coincide with domestic support also being reduced, with the effective cap on typical household use rising from £2,500 to £3,000.
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