Eligible manufacturers in certain industry sectors are now able to apply for additional government-funded discounts on their energy bill, with some set to save up to 20% off predicted wholesale prices.
Most businesses are now no longer receiving a government discount on their energy bill due to a reduction in support from April.
However, a small number of energy-intensive businesses have been promised higher levels of support and this scheme is now open for applications.
The Energy and Trade Intensive Industries (ETII) scheme will allow eligible businesses to claim further discounts on 70 per cent of the energy volumes they consume between 1 April 2023 and 31 March 2024.
Ceramics, textiles and metals manufacture are among the sectors potentially in line to benefit. A business is eligible if it has an energy contract with a licensed energy supplier and at least 50 per cent of its revenue is generated from activity within eligible SIC codes.
Applicants may need to provide evidence to determine eligibility, such as end-of-year accounts or a sample of invoices which demonstrate activity falling within an eligible sector.
Businesses have 90 days from the scheme introduction date of 26 April 2023 to apply for the additional support.
Ministers are urging companies to check their eligibility and submit their application at the earliest opportunity. Amanda Solloway, Minister for Energy Consumers and Affordability, said:
“We are beginning to see light at the end of the tunnel for global energy prices as Putin’s grip on the market weakens – but our vital energy and trade intensive industries remain uniquely exposed to these challenges. I urge businesses to check their eligibility and submit an application right away so they can get the help they need.”
Discounts for successful applicants could be reflected in bills from as soon as June, with support backdated to April. For further information and to apply, visit GOV.UK.
SME manufacturers in Lancashire can also access expert advice to help reduce their energy consumption, including:
- Our expert Manufacturing Service can also provide tailored one-to-one support to take costs out of your business through lean measures to improve your productivity and profitability
- A set of introductory energy saving guides and recorded webinars are also available via our #HereForBusiness campaign.
For more information on the support available, contact one of our Manufacturing Advisors today.