Take action before the Energy Bill Relief Scheme ends on 31st March
March 10, 2023
What you need to know
The level of support from the government for businesses’ wholesale costs will be scaled back considerably under the new government EBDS.
The new Energy Bills Discount Scheme (EBDS) is a one-year replacement to run from 1st April 2023 to 31st March 2024.
The discount will apply to customers who have signed a contract on or after December 2021 and for those who are out of contract. To be eligible for the discount, the wholesale price on the day of signing the contract must be above 30.2p/kwh for electricity and 10.7p/kwh for gas.
The maximum discount for electricity will be 1.961p/kwh and for gas 0.697p/kwh. Energy and Trade Intensive industries will receive a higher level of support of 4p/kwh and for gas and 8.91p/kwh for electricity, but that will only apply to 70% of their energy consumption.
Customers should be taking advantage of the current wholesale prices and securing contracts now.
The current wholesale unit rates are considerably less than the price point where businesses will receive the new discount package. Even if they do increase, the discount will not offset those increases.
