Energy Bills Discount Scheme
With the UK Government’s Energy Bill Relief Scheme (EBRS) coming to an end in March, it is important to begin planning ahead. The Energy Bill Discount Scheme (EBDS) will replace the scheme, running from 1st April 2023 – 31st March 2024, to help support businesses with the cost of wholesale energy for an additional 12 months.
Eligible non-domestic consumers will receive a per-unit discount to their electricity bills during the 12-month period, subject to a maximum discount, and those in energy and trade intensive sectors are set to receive a higher level of support.
However, it should be noted that there will be a reduction in the level of support for businesses facing high energy costs, and for many eligible businesses the discount looks likely to fall below 2p per kWh.
The full details are yet to be announced, but we’ll be updating customers when we can. In the meantime, we’ll be sharing any further information on our website.
The Targeted Charging Review
April will also see changes related to Ofgem’s Targeted Charging Review (TCR) come into effect. The TCR has established a new system by which network owners charge energy customers for the use of the electricity networks in the UK, replacing a Triad consumption-based system for a banding-based daily charging system.
Changes to the Distribution Use of System (DUoS) tariffs went live in April 2022 and, following some delays, changes to the Transmission Network Use of System (TNUoS) tariffs will come into effect from April 2023.
We look at how upcoming changes to the TNUoS charges could impact businesses, especially Bryt Energy customers, in our latest article.
Guarantees of Origin Certificates
Another change to be aware of is that, from April 1st 2023, the UK will no longer recognise EU Guarantees of Origin (GoO) certificates.
European GoOs are certificates purchased by electricity suppliers as proof that the electricity supplied to their customers has been matched with verified, renewable sources. With GoOs no longer being recognised from this April, we discuss what this change could mean to your business, and how we’ve prepared to support our customers, in our blog.