An Energy Bill Relief Scheme will give schools and colleges a discount on wholesale gas and electricity prices for the next six months.
It will cover energy usage from October 1 to March 31, with the relief being applied to bills automatically.
The government has set a “supported wholesale price” which is expected to be £211 per megawatt hour (mwh) for electricity and £75 per mwh for gas.
The Department for Business, Energy and Industrial Strategy says that this is less than half the wholesale prices it anticipates this winter, which look set to be in the range of £600 per mwh for electricity and £180 for gas.
The Association of School and College Leaders (ASCL) has welcomed the move, including confirmation of how much schools can expect to pay. However, they would like the six-month period to be extended as soon as possible in order to help schools plan ahead financially.
