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Subsidy Management

Get rewarded for going green. The UK Government offers support to businesses that implement projects that generate renewable and low-carbon electricity. We can help you take advantage of them.

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Energy subsidies

Understanding the Government support

This support is provided through several energy subsidy schemes where the aim is to help keep prices below market levels for customers and above market levels for suppliers. 

Understanding which subsidies your business is eligible to benefit from can be challenging and time consuming to manage. So, with the Government offering the financial support, we can can help your business manage the various energy subsidies available within the UK.

What renewable subsidies are available in the UK?

Several of the schemes implemented by the UK government are now closed to new applicants while those who have already qualified still need to maintain fulfilling the application criteria. Here is a breakdown of the subsidy schemes within the UK currently that have now been closed to new applicants:

What renewable subsidies are available in the UK?

Several of the schemes implemented by the UK government are now closed to new applicants while those who have already qualified still need to maintain fulfilling the application criteria. Here is a breakdown of the subsidy schemes within the UK currently that have now been closed to new applicants:

Feed-in Tariffs (FiT)

The scheme closed back in 2019 and was designed to promote the uptake of renewable and low-carbon electricity generation. Anyone who had installed an eligible installation that uses one of the following technology types could apply for accreditation.

  • Solar PV
  • Wind
  • Micro CHP
  • Hydro 
  • Anaerobic digestion (AD)

FiT is typically used for smaller scale renewable generation projects, whereas Renewables Obligation (RO) is one of the main support mechanisms for larger renewable electricity projects across the UK.

Boiler Upgrade Scheme

Uses grants to encourage you to switch from fossil fuel heating systems with either a heat pump or biomass boiler. The grant helps cover a portion of the cost of doing so.

If you have multiple properties, there is potential to receive one grant per property. The grants that are available are as follows:

  • £5,000 towards an air source heat pump
  • £6,000 towards a ground source heat pump (includes water source heat pumps)
  • £5,000 towards a biomass boiler

Full details: https://www.gov.uk/apply-boiler-upgrade-scheme/what-you-can-get 

Contracts for Difference (CfD)

This government scheme acts as a mechanism for supporting low-carbon electricity generation.

The aim behind the CfD's scheme is to encourage investments into sustainable electricity generation within the UK, by providing developers of projects with increased upfront costs and long lifetimes with direct protection from volatile wholesale prices. Additionally, they protect consumers from paying increased support costs when electricity prices spike.

This scheme runs in Allocation Rounds, so you must be mindful of the round's timescales and criteria.

Schemes that you can still apply for today

Schemes that you can still apply for today

Smart Export Guarantee (SEG)

Was launched at the start of 2020, which is a Government supported approach to assist small-scale generators who export low-carbon electricity back to the National Grid.

This requires electricity suppliers to pay the small-scale generators. To receive this support a set of criteria needs to be met, view the criteria here  

Boiler Upgrade Scheme

Uses grants to encourage you to switch from fossil fuel heating systems with either a heat pump or biomass boiler. The grant helps cover a portion of the cost of doing so. 

If you have multiple properties, there is potential to receive one grant per property. The grants that are available are as follows: 

  • £5,000 towards an air source heat pump 
  • £6,000 towards a ground source heat pump (includes water source heat pumps) 
  • £5,000 towards a biomass boiler 

Full details: https://www.gov.uk/apply-boiler-upgrade-scheme/what-you-can-get

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Subsidy Management

Benefits of Subsidy Management?

If your organisation requires energy subsidy management support, there are multiple benefits you can gain from.

These include:

  • Freeing up time for other sustainability objectives
  • Identify cost reduction opportunities
  • Assistance with efficiency improvements
  • Reduce energy usage

 

Smart Export Guarantee (SEG)

Was launched at the start of 2020, which is a Government supported approach to assist small-scale generators who export low-carbon electricity back to the National Grid.

This requires electricity suppliers to pay the small-scale generators. To receive this support a set of criteria needs to be met, view the criteria here  

Boiler Upgrade Scheme

Uses grants to encourage you to switch from fossil fuel heating systems with either a heat pump or biomass boiler. The grant helps cover a portion of the cost of doing so. 

If you have multiple properties, there is potential to receive one grant per property. The grants that are available are as follows: 

  • £5,000 towards an air source heat pump 
  • £6,000 towards a ground source heat pump (includes water source heat pumps) 
  • £5,000 towards a biomass boiler 

Full details: https://www.gov.uk/apply-boiler-upgrade-scheme/what-you-can-get

Benefits of Subsidy Management

Freeing up time for other sustainability objectives

Identify cost reduction opportunities

Assistance with efficiency improvements

Reduce energy usage

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How can Trident help you?

Additional energy subsidy support

We take a proactive approach in ensuring businesses benefit fully from Government renewable subsidies by assisting with applications and evidence gathering for new subsidy schemes. 

Our sustainability and commercial teams will provide expert support in understanding which subsidies align with your current sustainability situation. 

If your desire is to start with low carbon electricity projects, our experts will consult the best way to approach this. We’ll also detail all the financial benefits that can arise from doing so. 

Additionally, if you need further assistance we can assist with the overall management, income forecasting, bill validation and any outstanding Ofgem queries of existing contracts. 

 Are you now ready to explore understanding and managing the complexities of energy subsidies? Then reach out today to find out more about Trident’s subsidy management service offering. 

 

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Speak to a consultant today!

Book a meeting below to understand how Trident can assist you with managing your energy subsidies to get the most value from the various subsidies across the UK.

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