The government has unveiled a new plan that is set to cap wholesale energy bills for businesses for an initial six-month period from 1 October.\u00a0\r\n\r\nThe Government Energy Bill Relief Scheme, unveiled today (21 September) by business secretary Jacob Rees-Mogg, will reportedly bring support for households, businesses and public sector organisations facing rising energy bills in Great Britain and Northern Ireland.\r\n\r\nUnder the scheme, the government will provide a discount on wholesale gas and electricity prices for all non-domestic customers, including all UK businesses, the voluntary sector and the public sector, whose current gas and electricity prices have been \u201csignificantly\u201d inflated in light of global energy prices.\u00a0\r\n\r\nAccording to the government, the support will be equivalent to the Energy Price Guarantee put in place for households.\r\n\r\nThe government will apply to fixed contracts agreed on or after 1 April 2022, as well as to deemed, variable and flexible tariffs and contracts. It will also apply to energy usage from 1 October 2022 to 31 March 2023, running for an initial six-month period. The savings will be first seen in October bills, which are typically received in November.\r\n\r\nAs with the Energy Price Guarantee for households, the support will automatically be applied to bills.\r\n\r\nTo administer support, the Government has set a Supported Wholesale Price, which is expected to be \u00a3211 per MWh for electricity and \u00a375 per MWh for gas, less than half the wholesale prices anticipated this winter.\r\n\r\nPrime Minister Liz Truss said: \u201cI understand the huge pressure businesses, charities and public sector organisations are facing with their energy bills, which is why we are taking immediate action to support them over the winter and protect jobs and livelihoods.\r\n\r\n\u201cAs we are doing for consumers, our new scheme will keep their energy bills down from October, providing certainty and peace of mind. At the same time, we are boosting Britain\u2019s homegrown energy supply so we fix the root cause of the issues we are facing and ensure greater energy security for us all.\u201d\r\n\r\nChancellor Kwasi Kwarteng said: \u201cWe have stepped in to stop businesses collapsing, protect jobs, and limit inflation. And with our plans to boost home-grown energy supply, we will bring security to the sector, growth to the economy and secure a better deal for consumers.\u201d\r\n\r\nRees-Mogg added: \u201cWe have seen an unprecedented rise in energy prices following Putin\u2019s illegal war in Ukraine, which has affected consumers up and down the country and businesses of all sizes.\r\n\r\n\u201cThe help we are already putting in place will save families money off their bills, and the Government\u2019s plans for businesses, charities and public sector organisations will give them the equivalent level of support. This, alongside the measures we are taking to boost the amount of domestic energy we produce to improve both energy security and supply, will increase growth, protect jobs and support families with their cost of living this winter.\u201d\r\n\r\nKate Nicholls, CEO of UKHospitality said: "This intervention is unprecedented and it is extremely welcome that Government has listened to hospitality businesses facing an uncertain winter. We particularly welcome its inclusiveness \u2013 from the smallest companies to the largest - all of which combine to provide a huge number of jobs, which are now much more secure.\r\n\r\n"The Government has recognised the vulnerability of hospitality as a sector, and we will continue to work with the Government, to ensure that there is no cliff edge when these measures fall away."