A company might have a great product or…
Bill discounts for energy and trade intensive sectors
6. Bill discounts for energy and trade intensive sectors
Applications have now opened for energy and trade intensive sectors that are most affected by the rise in global energy prices to claim further discounts on their bills between 1 April 2023 and 31 March 2024.
Ceramics and textiles are among the wide range of sectors potentially in line to benefit. These companies use high amounts of energy to deliver their goods, but also are exposed to strong international competition, meaning they cannot raise their prices to cover the increase in costs they have faced.
The offer is part of the government’s new Energy Bills Discount Scheme, launched last month, which will continue to automatically give businesses across the UK money off their energy.
Businesses are advised to, as soon as possible, find out their eligibility and what they need to do to apply. Discounts could be reflected in bills from as soon as June, with support backdated to 1 April. This could save some around 20% on predicted wholesale energy costs.