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What happens after 01/04/2023 for business energy?

Updated: May 2, 2023




Reviewing the EBRS scheme


Information provided direct from the government website and accurate as of 13/12/2022



HM Treasury are conducting a review into the operation of the scheme and decisions on

continuing support will be announced by 31 December 2022.



The review will consider:

  • how effective the scheme has been in giving support to vulnerable non-domestic customers

  • which groups of non-domestic customers (by sector, size or geography) remain particularly vulnerable to energy price rises, taking into account the latest price position and forward curves, alongside other cost pressures

  • how to continue supporting these customers – either by extending the existing scheme for some users, or replacing with a different scheme

While we recognise that some businesses may continue to require support beyond March 2023, the overall scale of support the government can offer will be significantly lower and targeted at the most affected to ensure fiscal sustainability and value for money for the taxpayer. Continuing support to those deemed eligible would begin at the end of the initial 6-month support scheme, without a gap.


It is important that users who are less vulnerable to energy price increases (particularly larger businesses that are not energy-intensive) use the 6 months support provided by the scheme to identify measures they can take to protect themselves against high energy prices.


 

We appreciate that every business may feel vulnerable in the current climate however we are not certain what they will deem as 'vulnerable' until a further announcement has been made. If your contracts are due soon, or prices expected to increase after 31/03/2023, we would advise if possible to perhaps over pay (or set aside 10% of your bill cost) what is on your bills currently slightly to build up a credit so that future bills to it may cushion the blow if you are no longer eligible for help.


Those that are eligible, will see a decrease in the amount of help on hand - as things stand!

 

0151 459 3388 | info@smart-energy.uk




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Very helpful, quick expert advice. We have been using Smart Energy for a while.

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