The support, now known as the Energy Bills Discount Scheme (EBDS), will run for 12 months from 1st April 2023 to 31st March 2024.
The new scheme will be available to everyone on a non-domestic contract meeting the following criteria:
As per the current scheme, the government will provide a discount on your gas and electricity unit prices which suppliers will automatically apply to your bills; however, the discount is set at levels significantly below the previous levels of support. For most customers, these maximum discounts are:
Some sectors that are more vulnerable to high energy prices due to their energy-intensive nature or trade exposure, will receive a larger sum. This has been set as below:
A list of eligible sectors, known as Energy & Trade Intensive Industries (ETII) can be found at: https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1128033/230104_ETII_List_for_gov.uk.pdf
Additional discounts for customers in eligible ETII sectors will not be automatically applied to your bills and you will have to apply for the extra support. The full update from BEIS can be found at: https://www.gov.uk/guidance/energy-bills-discount-scheme
As the higher level of support isn't automatically applied and the overall level of government assistance is reducing, you must act now. This way you can ensure your business receives the full financial help it's entitled to at a point when energy costs continue to be critical for UK firms. Applications are open from the 26th April; find all the details on how to apply here.
If you want to know how this will impact your business or need assistance ensuring you don't miss out on the funding you deserve, speak to one of our experts today. Contact us on 0345 634 9500 or email info@tridentutilities.co.uk.