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UK Expands Kwarteng’s Energy Price Cap to Cover More Businesses

  • Package extended to cover contracts signed since December 2021
  • Previous estimates put program’s six-month cost at £60 billion
Electricity transmission towers near Rayleigh, U.K.

Electricity transmission towers near Rayleigh, U.K.

Photographer: Chris Ratcliffe/Bloomberg
Updated on

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The UK government has expanded its energy subsidy program for businesses to cover contracts signed as far back as December last year.