Hospitality and tourism make an invaluable contribution to our local economy here is South Derbyshire, but it is clear that high energy costs are hurting small and medium sized businesses in many other sectors and across the UK too. These costs are set by contracts with energy suppliers.
The Treasury has commissioned a review by Ofgem, the energy regulator, into these non-domestic energy contracts. Treasury Ministers have agreed to meet me to discuss the report – and it will be very helpful to take information from businesses to that meeting.
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