Energy cost cap offers ‘immediate survival’ for hospitality sector

Wednesday, Sep 21, 2022 0

Relief is at hand for travel businesses with the just announced Energy Bill Relief Scheme.

The cap on energy prices paid by businesses will see them pay less than half the planned increase.

It applies to businesses on fixed and flexible contracts agreed and will run through 31 March 2023.

“This is why the government is working with suppliers to ensure all their customers in England, Scotland and Wales are given the opportunity to switch to a fixed contract/tariff for the duration of the scheme,” the Department for Business, Energy & Industrial Strategy said

The programme is to be reviewed again in three months.

“The review will focus in particular on identifying the most vulnerable non-domestic customers.”

UKHospitality CEO, Kate Nicholls, said: “We are relieved that the Government has listened to the problems that the sector is experiencing with energy suppliers.”

“This intervention is unprecedented and extremely appreciated as we head into an uncertain winter with numerous challenges on many fronts.”

The Prime Minister has singled out the vulnerability that energy costs are inflicting on the hospitality sector. Today’s announcement will give businesses some confidence to plan for immediate survival,” Nicholls added.



Related News Stories :   British Travel Awards voting extended     Butlin’s sold back to founding owners     Illinois launches Fall Colors Trip Planner     BTS showcase Seoul for tourists     Exploring New England fall foliage by train     Canada set to drop vaccine requirement at border  

profileimage

Ray Monty



Most Read

Even if you don’t like sport a trip to see Orlando Magic in the NBA will be a memorable experience

Technoheaven is an emerging force in the field of Travel Tech - We speak to Melida Kacapor

Daytona – It’s not just Motors

Qatar Airways and the World Cup - we speak to Eric Odone Vice President Europe

Webinar: Learn about what is hot in the extraordinary State of Oregon

Nominated for a BritishTravel Award? Here is how to help your chances of winning.

Want something different with a tour of Rome? Then have a look at CarpeDiem Rome...

ITA Airways are expanding, Andrew Bunn UKI and Nordics Manager explains

Pierfrancesco Carino VP International Sales of ITA Airways explains the strategy for the airline

Antigua and Barbuda Update on What’s New in the Hotel Sector

Get a sneak peak at the Antigua and Barbuda’s Vision 2032

Diversity within DMO’s and the European influence - We speak to Destinations International
TRAINING & COMPETITION

Price Based Country test mode enabled for testing United States (US). You should do tests on private browsing mode. Browse in private with Firefox, Chrome and Safari