Scottish hospitality 'on cliff edge' as energy subsidy cut falls

by XPRESS, 11 January 2023

The Scottish Licensed Trade Association (SLTA) raised 'very serious concerns' about launching a new £5.5 billion programme to support companies using their energy, announced in the House of Commons.

An FA Scotland spokesman sounded the alarm about the potential impact of the £5.5billion energy rebate scheme on the hospitality industry.

The currently capped wholesale price of electricity and gas for businesses expire at the end of March, and will be replaced by a new system that applies rebate to wholesaling prices instead of a fixed price to suppliers.

However, the Scottish Licensed Trade Association (SLTA) has expressed 'very serious concerns' about the replacement plans, warning that the offer of a rebate at wholesale prices instead of a fixed price would mean a much lower level of support for firms.