Energy Bill Relief Scheme Expiring End of March. How Does This Affect Your Business?
By LTS Training·
The current Energy Bill Relief Scheme, announced in September 2022, will come to an end on March 31st. The scheme has been supporting businesses and public sector organisations by providing a reduction on unit rates. Unlike the Ofgem Price cap for the domestic market, this energy saving scheme is not subject to a price cap review.
What now?
The Government have announced that they will be introducing a new Energy Bills Discount Scheme (EBDS) from April 2023. This scheme will then run until April 2024 for those that are eligible.
Although the government will continue to support businesses during the current economic crisis by offering discounts on energy bills, businesses will see less financial support available as funding for these schemes has been reduced from around £18.5 billion for six months beginning October 1, 2022 (the Energy Bill Relief Scheme) to £5 billion beginning April 1, 2023. (Energy Bills Discount Scheme). As a result, firms may continue to pay more.
How to Apply?
Once the current energy-saving scheme expires, eligible businesses will be added to the scheme, with suppliers automatically deducting the amount from your billing statement.
As a result, there is no need to contact your provider or fill out any documents.
How do I know if my business is eligible for the Energy Bill Saving Scheme?
The scheme will be available to everyone on a non-domestic contract including:
Businesses
Voluntary sector organisations, such as charities
Public sector organisations such as schools, hospitals and care homes
Who are:
On existing fixed price contracts that were agreed on or after 1 December 2021
Signing new fixed price contracts
On deemed / out of contract or standard variable tariffs
How do I reduce the amount of energy my business uses?
Similar to household consumers, minimising energy consumption is usually centred on developing good energy habits. This can be accomplished in a variety of ways, including educating staff members and asking them to turn off appliances when not in use, heating the premises at a specific time, changing light bulbs to more energy efficient bulbs, and even installing motion sensor lights in places such as washrooms and corridors. You can learn how to do these installations yourself by taking an electrical training course with Learn Trade Skills.
Further information on the Energy Bill Relief Scheme can be found via the gov website.
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Frequently Asked Questions
The Energy Bill Relief Scheme was set to expire at the end of March, after which businesses would no longer receive the same level of government support on energy costs.
Businesses can invest in energy efficiency measures, consider renewable energy installations like solar panels, and review their energy tariffs to find more competitive rates.
Yes, increased energy costs drive demand for energy efficiency upgrades and renewable installations, creating more work opportunities for qualified electricians.
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