Formula applying discount on the wholesale – as opposed to a fixed-rate – price seems a sensible fudge
A perfect energy support package, whether for households or business, would be targeted at those most in need. That is not what the chancellor, Jeremy Hunt, delivered on Monday as he dialled down the generosity in post-March arrangements for business.
The new formula is not quite one size fits all, but it’s not far off. Energy-intensive users – think steel and glass makers – have been earmarked as priorities, but everybody else is lumped together. And small and large businesses will be treated alike.
