04 November 2022
Guidance on energy bill relief scheme
Are you seeing your energy bill discounts yet?
Energy bills for businesses across the country are to be reduced from this month as UK Government support begins. The Energy Bill Relief Scheme significantly reduces the amount businesses can be charged, covering energy use from 1st October 2022.
Support will run for six months to shield businesses from the recent energy price surge, which we hope to see prevent unnecessary insolvencies and protecting jobs and livelihoods.
The scheme applies to energy use from 1st October but savings applied to October bills are typically received in November – so you should start to feel the benefits this month.
It is vitally important therefore that you check your energy bill as soon as possible to ensure you are seeing your savings kicking in.
The Government is currently carrying out a review to consider how to support businesses with energy bills after April 2023, with any support being targeted to those most affected by high energy prices.
The level of price reduction for each business will vary depending on their contract type and circumstances.
There is new guidance on the scheme, published 1st November, which provides further information on eligibility, operation and enforcement. This can be found here.
Again, it’s important you check your most recent energy bills to ensure you are seeing your automatic discount in place. If you cannot see it, get in touch with your energy provider immediately.
Need to speak to our energy partner Utility Options? Visit our page here.
Are you getting your discount? Is it enough to make the coming period easier to get through? Please share your experience in relation to energy costs and the relief scheme by emailing membership@bira.co.uk or on our social media pages on the links below:
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