IRRV Alert - week ending 15th April 2022 Part 1
Information Letters
News
Consultations
Technical proposals for the Energy Bills Support Scheme (11 April 2022)
Open consultation
Technical proposals for the Energy Bills Support Scheme
- From:
- Department for Business, Energy & Industrial Strategy
- Published
- 11 April 2022
Summary
We're seeking views on technical aspects of the Energy Bills Support Scheme to test its design.
This consultation closes at
11:45pm on 23 May 2022
Consultation description
On 3 February 2022 the Chancellor of the Exchequer announced a package of support to help domestic energy customers with the costs of rising energy bills, which included the Energy Bills Support Scheme (EBSS).
Through this Scheme, the government will provide funding to all energy suppliers for them to pass a £200 reduction on to their domestic electricity customers. This will be recovered through electricity bills over 5 years starting from 2023-2024. This is a universal measure to help households smooth out the increased costs of energy bills at a time when they are particularly high.
The purpose of this consultation is to collect views on our proposals for:
- the processes needed to provide the funding to energy suppliers
- the mechanisms by which the reduction is passed on to consumers’ bills
- the recovery mechanisms
The Scheme will start from October 2022 and we expect that most customers will receive the reduction automatically. The government and suppliers will provide further information for customers ahead of scheme delivery before the autumn.
The consultation aims to test the design of the scheme, to ensure that support is provided as widely as possible in a simple and cost-effective way, and that the recovery mechanism is clear and efficient. It is open to all to respond, but we would like views in particular from:
- energy suppliers
- industry infrastructure providers
- network operators
- charities
- consumer advocacy groups
Read the BEIS consultation privacy notice.
Documents
Energy Bills Support Scheme: managing the impact of the energy price shock on consumer bills
PDF, 921 KB, 52 pages
Ways to respond
or
Email to:
Write to:
Energy Bills Support Scheme
Department for Business, Energy and Industrial Strategy
3rd Floor, Abbey
1 Victoria Street
London
SW1H 0ET
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Published 11 April 2022