We know the cost of living crisis is affecting many of you, from keeping a tight control on cash flow, to supporting your employees and signposting them to resources, while also looking after yourself. We’ve collated some resources on our website, and will add to these over time. If you have found any other resources useful, let us know so we can share them with other businesses.
This Scheme will fix gas and electricity prices for businesses from 1 October.
Details of the support package
- The scheme is available to everyone on a non-domestic contract, including businesses, voluntary and public sector organisations.
- Under the scheme wholesale prices are expected to be fixed for all non-domestic energy customers at £211 per MWh for electricity and £75 per MWh for gas for six months, less than half the wholesale prices anticipated this winter.
- Discounts will be applied to energy usage initially between 1 October 2022 and 31 March 2023.
- The scheme applies to fixed contracts agreed on or after 1 April and variable and flexible tariffs and contracts.
- Equivalent support will also be provided for non-domestic consumers who use heating oil or alternative fuels instead of gas.
- The scheme will be reviewed after three months with an option to extend support for ‘vulnerable’ businesses. We do not yet know what businesses fall into this category.
- Businesses do not need to contact suppliers, the discount will automatically be applied to bills.
London Business Hub – includes guides on managing cash flow, managing unpaid debts, and insurance cover, as well as links to external resources including:
- CBI resources – tackling rising business costs
- NatWest Support Hub – advice and support to navigate rising costs
- Mayor of London Hub – support for Londoners who are struggling
- Government Help for Households
Other resources that may be useful include:
- Citizens Advice Kingston Toolkit
- Kingston Council Additional Rate Relief fund – applications by 15th September
- RBS support hub – business support and advice
- Mental Health at Work Toolkit
- StepChange – debt advice
- CIPD – advice for supporting employees
- Ofgem – for advice on energy
Kingston First Team
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