Incoming British prime Minster Liz Truss is planning a 40 billion pound ($46.22 billion) support package for businesses to help them cope with rising energy costs, Bloomberg News reported on Tuesday.

The plan would involve discounting firms' energy bills by fixing the wholesale price of gas and electricity, with the government making up the difference, Bloomberg reported. ($1 = 0.8654 pounds) (Reporting by William James and Akanksha Khushi; editing by Michael Holden)