Government lays out detail of energy support for businesses

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Wholesale price of electricity expected to be set at £211 per MWh

The government has set out its plans to establish a supported price for wholesale gas and electricity for an initial six months, to the relief of British businesses.

Two weeks ago, prime minister Liz Truss promised businesses an “equivalent guarantee” on energy bills to the one offered households, but little detail has since been forthcoming as major policy announcements were side-lined following the death of Queen Elizabeth II.

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