June 28, 2023
Energy-intensive businesses and heat network operators have one month left to apply for government support or energy bills.
The scheme was put in place to keep costs down by offering a higher rate of support for those using significant amounts of energy to deliver their services and goods. E.g Ceramic and textile firms.
These companies are exposed to strong international competition, meaning they can’t raise their prices to cover the increase in costs they’ve faced.
Minister Solloway also issued a reminder to heat network operators that they have a legal requirement to apply, to ensure a fair deal for their customers who would otherwise face higher energy bills compared to those covered by the energy price cap. If no action is taken, they could face a fine of up to £5,000.
Businesses that become classed as an Energy and Trade Intensive Industry after the window closes, will have 90 days from the first date they can apply to submit an application for support.
Businesses in ceramics and textiles are among a wide range of sectors that have been able to claim further discounts on their bills between 1 April 2023 and 31 March 2024.
Support will be backdated to 1 April and could save some around 20% on predicted wholesale energy costs.
This scheme replaces the Energy Bill Relief Scheme which supported businesses and organisations between 1 October 2022 and 31 March 2023.
To find out more, go here.