ofgem domestic energy price cap sky rockets to £4,279

For the first three months of 2023, the energy price cap will increase to an annual level of £4,279 for an average dual fuel household paying by direct debit based on typical consumption, but bill-payers will still be protected by the Government’s Energy Price Guarantee until the end of March 2024, as confirmed by the Chancellor on Thursday 17 November.

UK consumers are currently protected until 2024, but what about businesses?

Currently, businesses are protected under the Energy Bill Relief Scheme (EBRS), however, this support is due to end in March 2023. As businesses, we are currently awaiting the Government announcement on the scale of support provided for business after this date.

However, when announcing this review in November it included the following statement:

The prospect of continued exposure of the public finances to volatility in the price of energy on an open-ended basis has implications for fiscal sustainability. It is not sustainable for government to continue supporting large numbers of businesses. The government recognises that some businesses, such as those which are highly exposed to energy prices and unable to pass through or absorb these costs sufficiently, may continue to require support beyond March 2023. However, the overall scale of support the government can offer will be significantly lower and targeted at those most affected to ensure fiscal sustainability and value for money for the taxpayer.

In short, the government is suggesting that it will be unable to provide this level of support indefinitely, a realistic statement. This has significant implications for UK businesses, if the announced review isn’t substantial in providing protection.

This is where we think self-generation energy solutions can provide an answer to this issue for many. As a business, our focus is to deliver technology that enables UK businesses to survive through this difficult period – by self-generating cheaper energy and protecting their assets. 

We can provide both outright purchase and no capital expenditure solutions, both of which can guarantee long-term savings. We’d also like to stress the urgency of this matter, not only to maximise savings but to deliver a little peace of mind in this time of uncertainty.


If you’d like to have an exploratory conversation with one of our Consultants, you can simply drop us a message here. There’s no commitment involved, and with a few pieces of information, we can show you how much energy you could be generating and realistically how much money it could save you.

Goverment Links – https://www.gov.uk/government/publications/energy-bills-support/energy-bills-support-factsheet-8-september-2022



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