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Finance

UK rolls out bill discounts to ease the burden on energy-intensive businesses

The government has launched today further support for businesses utilising high amounts of energy, with some companies potentially benefiting from up to a 20% reduction in their bills from predicted wholesale prices.

Applications are now open for energy and trade intensive sectors that have been hit hardest by the unprecedented rise in global energy prices. 

Companies are being urged to check their eligibility and submit applications promptly, with the government’s support package saving businesses an estimated £5.9 billion on energy costs as of April – equivalent to over £30 million daily.

Heat networks that include domestic customers are also now able to receive support to ensure that households are not disproportionately affected.

The scheme is part of the government’s ongoing efforts to support households and businesses with energy costs.

The Non-Domestic Alternative Fuel Payment scheme is also providing support to organisations using kerosene heating oil, with top-ups starting at £750.

Eligible organisations have until 28th April to apply.

Minister for Energy Consumers and Affordability Amanda Solloway highlighted the importance of supporting energy-intensive industries and urged businesses to check eligibility and apply promptly.

Rob Flello, Chief Executive of the British Ceramic Confederation, welcomed the new support and hoped for a smooth application process.

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