On 9 January, 2023 the Government announced a new Energy Bills Discount Scheme (EBDS) for businesses across the UK which will replace the current scheme.
From April 2023 and April 2024, those who have a contract with a licensed energy supplier will see a unit discount of up to £6.97/MWh to their gas bill and a unit discount of up to £19.61/MWh applied to their electricity bill.
Businesses do not need to apply for their discount as it will be applied automatically to their bill.
A higher level of support will be provided to businesses in energy and trade sectors who have higher energy use and are less likely to pass through cost to their customers. These businesses will receive a discount based on a supported price which will be capped by a maximum unit discount of £40.0/MWh for gas and £89.1/MWh for electricity.
The discount will continue to help businesses manage their costs and provide others with reassurance against the risk of prices rising again.
For more information, visit the Government website.
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