More big energy users to get help as support plan expanded

More big energy users to get help as support plan expanded5 minutes agoShareSaveAdd as preferred on GoogleFaarea Masud & Simon JackBBC NewsGetty ImagesMore businesses have been promised help with their energy bills from April next year, after the government announced it was expanding a support scheme first outlined in 2025.Around 10,000 energy-intensive manufacturers in sectors such as steel and pharmaceuticals could see their bills cut by up to 25%. The scheme originally aimed to support 7,000 firms.The move is a response to the recent surge in oil and gas prices, but critics said it did not go far enough.The Conservative Party said pubs, restaurants, farmers and retailers, who were "already on their knees" would not be eligible for the support.The government said expanding the British Industrial Competitiveness Scheme (BICS) which it drew up last year, would strengthen Britain's economic security and boost competitiveness."When global instability puts businesses under pressure we'll always do what's needed to support them and ensure Britain's resilience," said Business Secretary Peter Kyle.However the support will not be immediately available.From April 2027 eligible firms will be exempt from some electricity charges that finance the net zero transition, worth around £35–£40 per MWh. Qualifying businesses will also receive a one-off payment in 2027 that will cover the support they would have received if BICS had been in place from April 2026, the government said. The scheme will be funded through changes to the energy system and government expenditure, with no impact on domestic bills.The start of the war in Iran pushed oil and gas prices sharply higher, though they did not reach the same levels as during the aftermath of Russia's invasion of Ukraine. Both gas and oil prices have fallen back from initial peaks, as hopes for an end to the conflict have grown.The government's decision to expand the scheme to incl...