IRRV Alert - week ending 24th February 2023 Part 2

News

Reports

Energy Bills Discount Scheme factsheet and methodology (24 February 2023)

Guidance

Energy Bills Discount Scheme factsheet and methodology

Factsheet for 'Energy Bills Discount Scheme' for UK businesses, charities, and the public sector from April 2023 and the methodology used to define eligibility.

From:
Department for Energy Security and Net ZeroHM Treasury, and Department for Business, Energy & Industrial Strategy
Published
9 January 2023
Last updated
24 February 2023 — See all updates

Get emails about this page

Documents

 

Energy Bills Discount factsheet – 9 January 2023

HTML

 

Energy Bills Discount Scheme energy and trade intense industries assessment methodology

HTML

Details

The factsheet sets out the energy bills discount scheme that will run from 1 April 2023 to 31 March 2024 for eligible non-domestic consumers in Great Britain and Northern Ireland.

The methodology document sets out how sector eligibility was determined for the higher Energy and Trade Intensive Industry (ETII) support.

The government has been clear that current levels of support were time-limited and intended as a bridge to allow businesses to adapt. Wholesale gas prices have now fallen to levels just before Putin’s invasion of Ukraine and have almost halved since the current scheme was announced.

The new scheme therefore strikes a balance between supporting businesses over the next 12 months and limiting taxpayer’s exposure to volatile energy markets, with a cap set at £5.5 billion based on estimated volumes.

Published 9 January 2023
Last updated 24 February 2023 

 


IRRV Software

Copyright © 2025 · All Rights Reserved · Institute of Revenues Rating and Valuation
Warning: Undefined array key "User_id" in /home/irrvnet/public_html/forumalert/inc_footer.php on line 4