EDF and British Gas offer revised rates for small businesses

Two companies offering to cut fixed rates set at height of energy crisis, putting pressure on competitors to follow suit

Energy companies are under growing pressure to allow thousands of struggling businesses to change their gas and electricity contracts after two major suppliers agreed to cut rates that had been fixed at the height of the energy crisis.

EDF has agreed to offer new deals to 15,000 small and medium businesses that are trapped in long-term contracts fixed when energy market prices reached a historical peak last year.