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:
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)