MPs are due to be given details of the new scheme on Monday but it is understood that it will mean businesses getting less help at a time when many are still struggling with rising costs.
Please use Chrome browser for a more accessible video playerA glimmer of hope for struggling firms can, however, be seen in current wholesale prices.Despite the continuing war in Ukraine, gas costs have come down markedly from their recent peaks thanks, in part, to the largely mild winter experienced across Europe so far.Contracts for the coming months were only just ahead of that price which is a pre-Russia invasion level - a 15-month low.
Tom Marzec-Manser, head of gas analytics at energy market intelligence firm ICIS, said:"Concerns that there may not be enough gas available for this winter to cover demand have started to evaporate."Storages have to be refilled again through the upcoming summer, so they are ready again for next winter. And refilling those storage sites is going to be much harder than last year, given there will be noticeably less Russian gas available.
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