The UK government has outlined a new support package which will see energy prices for UK businesses cut by around half of their predicted level this winter.

The scheme will fix gas and electricity prices for six months from 1 October.

“This intervention is unprecedented and extremely appreciated as we head into an uncertain winter with numerous challenges on many fronts,” said UKHospitality chief executive, Kate Nicholls.

“The inclusiveness of the supports announced today – covering businesses small and large – will be extremely beneficial to the sector.”

Businesses don’t need to contact their energy providers as savings will be automatically applied to bills.

Speaking about the support package, prime minister Liz Truss said: “I 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.

“As we are doing for consumers, our new scheme will keep their energy bills down from October, providing certainty and peace of mind.”