Energy Bills Discount Scheme

The government has announced a new energy support scheme that will replace the Energy Bill Relief Scheme (EBRS): the Energy Bills Discount Scheme (EBDS) which will run from 1 April 2023 to 31 March 2024.

We’ve listed more information on this and everything else you need to know about the new scheme below.

What’s changed with the new scheme?

When does it start?

The discount will be applied from 1 April 2023 to 31 March 2024.

Who does the new scheme apply to?

The new scheme is designed to support businesses, charities and the public sector. These businesses and other non-domestic energy users will receive a discount on high energy bills until 31 March 2024.

For eligible non-domestic customers who have a contract with an energy supplier, the new scheme will mean that they will see a discount automatically applied to their gas and electricity bill.

Who qualifies for the new scheme?

The Treasury explained that this will be subject to a wholesale price threshold of £107/MWh for gas £302/MWh for electricity, meaning that businesses facing energy costs below this level will not receive support.

(Please note: the Government supported price has been set based on wholesale energy costs. In addition customers will also have to pay non-commodity costs, which will vary by location.)

How does this compare to the current scheme?

The new EBDS has been designed to offer companies relief on high energy costs by providing more budget predictability and price stability. Companies in energy-intensive industries will receive a greater level of support.

The scheme will assist businesses that have entered into fixed price contracts during a period of high energy prices to manage their costs and provide other businesses reassurance against the possibility of prices increasing again.

How can EIC help?

We are working closely with your suppliers to determine how this new scheme will be implemented and how your business will be affected by these changes.

If you have any questions in the meantime, then please reach out to your Executive Relationship Manager.



Energy Efficiency Day-How can you lower your energy consumption?

Rising energy bills have had an impact on us all. One thing energy consumers can do is look at how to reduce energy consumption.

Energy Efficiency Day is the perfect time to look at your costs and figure out if you’re using your energy in the most intelligent way possible.

What is Energy Efficiency Day?

Energy Efficiency Day takes place on the first Wednesday in October. Dozens of energy efficiency advocacy groups come together to raise awareness about reducing consumption.

It’s a day to share tips and tools to promote the benefits of energy efficiency and encourage people to think about what they can do to save energy.

Why is energy efficiency important?

Energy efficiency has multiple benefits that can have a positive effect on businesses and the planet.

Reduced costs

If you want to save money, the easiest thing you can do is reduce your energy consumption. eEnergy estimates that 30% of all the energy that is currently wasted comes from commercial buildings. Some of the highest energy consumers’ annual savings could be as high as £3.1 million just by introducing energy-saving solutions.

Reduced carbon emissions

Burning fossil fuels is our biggest source of energy. On average, around 50% of our electricity in the UK is generated using fossil fuels, creating carbon emissions and damaging the planet. Using your energy more efficiently produces less damaging waste and carbon emissions, improving your carbon footprint.

Lowering carbon emissions now puts businesses in a good place for the government’s net-zero plan. There’s no harm in getting started early and reducing carbon emissions where you can.

How can you save energy?

There are small changes businesses can make that can help to lower energy consumption:

  • Switch to energy-efficient light bulbs.
  • Switch off lights in areas that aren’t occupied or invest in sensors.
  • Use power-saving mode on computers.
  • All computers should be turned off when not in use.
  • Avoid using the printer; only use it when it’s essential.

Employees would have to get involved, be responsible for their own equipment, and ensure they are turning everything off at the end of the day.

These are only a handful of changes you can make. EIC can find solutions that will save you money and help you reach net zero targets.

How can EIC help you lower your energy consumption?

We understand the positive impact energy efficiency can have on businesses and the environment. We are passionate about helping businesses meet their net zero goals and cut energy consumption.

We can create solutions to help you buy, manage, and control your energy. Our solutions are categorised into three service areas: Intelligent BuildingsSmart Procurement and Trusted Compliance.

Our offices will be closed for the Bank Holiday (Monday 29 August 2022).
If you have a query, please contact us from Tuesday 30 August onwards, and we
will be happy to deal with your query then.