The Government approved the Energy Bills Discount Scheme on the 1st of April 2023 and it will run for a period of 12 months, ending on the 31st of March 2024. This scheme replaces the Energy Bill Relief Scheme ...
If you're eligible for the Energy Bills Discount Scheme, remember to apply soon!
Baseline Discount: This aspect provides partial support for energy bills to eligible non-domestic customers in Great Britain and Northern Ireland. The support will be automatically applied.
Energy and Trade Intensive Industries (ETII) Discount: This element offers a higher level of support to businesses and organisations operating in eligible sectors. To avail of this support, applicants need to submit an application.
Heat Network Discount: This part provides a higher level of support to heat networks catering to domestic end consumers. Applicants must apply for this specific support.
Eligible organisations have a period of 90 days, starting from 26th April 2023, to apply for this enhanced support. New organisations or those recently deemed eligible will have 90 days from the date of their eligibility to apply.
"It is important to continue paying energy bills as usual until the discount is applied!"
The Energy Bills Discount Scheme was established through regulations outlined in the Energy Prices Act 2022. These regulations came into force on the 26th of April 2023, and the discount will be applied to bills from the 1st of April 2023.
The scheme is open to all non-domestic energy consumers with a licensed energy supplier:
Voluntary sector organisations such as charities
Public sector organisations like schools, hospitals, and care homes
Eligible entities must fall under one of the following categories:
Existing fixed price contracts agreed on or after 1st December 2021
Signing new fixed price contracts
Deemed/out of contract or variable tariffs
Flexible purchase (or similar) contracts
Variable 'Day Ahead Index' (DAI) tariffs (applicable only in Northern Ireland)
For most non-domestic customers in Great Britain and Northern Ireland, additional support on energy bills starting from April is unlikely, and any support received is likely to be significantly reduced. It is essential for organisations to continue exploring the best deals available, as the actual energy price paid may vary across suppliers.
Eligible non-domestic customers will receive a per-unit discount on their energy bills during the 12-month period from April 2023 to March 2024.
If you're eligible, remember to apply soon.
Until next time ...
ROGER EDDOWES Business Godparent
Would you like to know more?
If anything I've written in this blog post resonates with you and you'd like to discover more about the Energy Bills Discount Scheme, it may be a great idea to call me on 01908 774320 and let's see how I can help.
Don't forget to stay updated with our daily social media posts on Facebook.
Roger trained at Edward Thomas Peirson & Sons in Market Harborough before working at Hartwell & Co, followed by Chancery, as a partner. He started Essendon Accounts and Tax with Helen Beaumont in 2014 as a general practitioner with a hands-on approach.
Roger loves getting his hands dirty, working with emerging, small-to-medium and family businesses to ensure they receive the best possible accountancy advice. Roger utilises an extensive network of business contacts to leverage the best guidance and practical solutions.
No unauthorised use, duplication, distribution or modification to any original content contained within this blog is permitted without prior written permission of the author. All other trademarks and registered names are acknowledged.