The Energy Bill Relief Scheme runs from 1st October 2022 until 31st March 2023 and provides assistance for businesses facing high energy prices this winter. It may be extended for targeted industries.
Businesses that contracted Fixed Rate deals from 1st April 2022, will have the Wholesale element of their bill reduced to an expected level of 21.1 p/kWh. It does need to be stressed, that this is just the Wholesale element and excludes a range of other charges which need to be included, such as transmission and distribution.
For those that are not in a contract, the support sees a reduction of the Wholesale element at the expected Maximum Discount level of 40.5 p/kWh. This does mean that by not contracting there is the potential for a higher charge than those that are contracted. While the majority of communal supplies are deemed commercial, some communal supplies are deemed domestic. The domestic out of contract rates are more favourable than contract prices at the moment and these will be reviewed in April 2023 when the Energy Bill Relief Scheme ends.
In all instances, the invoices received from suppliers will be automatically discounted to the levels outlined above.
For more on the facts and figures relating to energy, click here for further details.
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