The UK government has announced new support that could help energy-intensive businesses save up to 20% on their energy bills. The Energy Bill Discount Scheme (EBDS) is designed to offer support to those who are most affected by the predicted rise in wholesale energy prices. This includes breweries, which are among the businesses that could benefit from the scheme.
Applications for the scheme are open now, and businesses can apply for support through their energy supplier. The scheme is part of the government’s efforts to help businesses reduce their energy costs and become more energy-efficient. By reducing energy bills, businesses can free up funds to invest in their operations, which could help to boost growth and create jobs.
Overview of the New Government Support
The UK Government has recently announced a new support scheme, the Energy Bill Discount Scheme (EBDS), aimed at helping energy-intensive businesses, including breweries, save up to 20% on their energy bills. The scheme is designed to provide relief to those most affected by the rise in global energy prices. Applications for the support are open now and businesses are encouraged to apply as soon as possible to take advantage of the scheme.
The EBDS is part of the government’s wider efforts to support businesses during these challenging times, particularly as the COVID-19 pandemic continues to impact the economy. The scheme is expected to provide much-needed relief to businesses that are struggling to cope with the rising costs of energy.
Under the EBDS, eligible businesses can apply for a discount on their predicted wholesale energy prices. The discount will be calculated based on the amount of energy used and the business’s level of exposure to energy costs. The scheme is expected to benefit a range of businesses, including those in the manufacturing, agriculture, and hospitality sectors.
Businesses interested in applying for the scheme are encouraged to visit the government’s website for more information. The application process is straightforward and can be completed online. Successful applicants will receive a discount on their energy bills for a period of up to three years, providing much-needed stability and certainty during these challenging times.
Qualification for the Energy Bill Savings
The recent announcement by the government regarding support for energy bill savings has been welcomed by many firms. However, not all firms are eligible for this support. In this section, we will discuss the qualification criteria for firms looking to benefit from this scheme.
The scheme is open to all firms, including small and medium-sized enterprises (SMEs), that meet the required criteria. The government has set aside a fund to support eligible firms, and the savings could be up to 20% on energy bills.
Firms that are eligible for this scheme include those that:
- Operate in the UK
- Have an annual energy bill of over £10,000
- Have fewer than 250 employees
- Are not in the public sector
Firms that meet the eligibility criteria will also need to meet the following requirements to qualify for energy bill savings:
- Conduct an energy audit to identify areas where energy savings can be made
- Implement energy-saving measures recommended by the audit
- Provide evidence of energy savings achieved
The energy audit will be conducted by a qualified energy assessor who will identify areas where energy savings can be made. The assessor will provide a report with recommendations for energy-saving measures that should be implemented.
Firms will then need to implement the recommended measures and provide evidence of the energy savings achieved. This evidence will be used to calculate the savings that the firm is eligible for.
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