UK Government Announces ‘Energy Bills Discount Scheme’ For Businesses

The UK Government announces the new ‘Energy Bills Discount Scheme’ for UK businesses, charities, and the public sector from April.

 

For eligible non-domestic customers who have a contract with a licensed energy supplier, the UK Government is announcing the following support:

 

 

  • From 1 April 2023 to 31 March 2024, all eligible non-domestic customers who have a contract with a licensed energy supplier will see a unit discount of up to £6.97/MWh automatically applied to their gas bill and a unit discount of up to £19.61/MWh applied to their electricity bill.
  • This will be subject to a wholesale price threshold, set with reference to the support provided for domestic consumers, of £107/MWh for gas and £302/MWh for electricity. This means that businesses experiencing energy costs below this level will not receive support.
  • Customers do not need to apply for their discount. As with the current scheme, suppliers will automatically apply reductions to the bills of all eligible non-domestic customers.

For eligible Energy and Trade Intensive Industries, the UK Government is announcing:

  • These businesses will receive a discount reflecting the difference between a price threshold and the relevant wholesale price.
  • The price threshold for the scheme will be £99/MWh for gas and £185/MWh for electricity.
  • This discount will only apply to 70% of energy volumes and will be subject to a ‘maximum discount’ of £40.0/MWh for gas and £89.1/MWh for electricity.

For further information please see the full article below:

Click here to read the full article

 

Business Wales, New ‘Energy Bills Discount Scheme’ for businesses, (11/01/2023)  https://businesswales.gov.wales/news-and-blogs/news/new-energy-bills-discount-scheme-businesses (Accessed 16/01/2023)