Energy bailout will benefit corporate giants who don’t need it, MPs warn

Opposition MPs say package should target businesses most in need and prioritise energy efficiency

MPs have raised concerns that the government's energy bailout for businesses will see corporate giants handed huge discounts they do not need.

The government on Wednesday announced a package of support including a cap that will halve the unit price paid for energy from 1 October to help companies, charities and public sector organisations, including schools, get through the winter. One estimate puts the cost of the scheme at 25bn.