The Government has put in place Renewables Obligation (RO) and Feed-in-Tariff (FIT) schemes to incentivise renewable energy supplied through the National Grid. However, the resulting increase in retail electricity prices risks reducing the competitiveness of the UK’s most electricity-intensive businesses when operating in internationally competitive markets.
As a result, the Government has committed to providing compensation to negate the impact the renewables policy will have on the costs of electricity for the most energy intensive industries (EIIs), in line with an EU ruling. To qualify for compensation, you have to operate in specified industrial sectors and pass a test designed to assess the intensity of your energy use.
THE PROCESS: WHAT WE DELIVER
WHAT SECTORS DOES THE COMPENSATION APPLY TO?
A large number of EEIs are eligible for compensation (a full list is available on request), meaning a significant part of the UK manufacturing sector will be eligible, subject to their financial performance.
HOW DO I APPLY?
This scheme is being promoted and funded by the Department of Business, Energy and Industrial Strategy (DBEIS), and there is a two stage application process to go through, which Energise can undertake on your behalf. As the application requires certain information – which should be readily available from your accounting system – we simply need the assistance of someone from your business who has access to the relevant data.
IS IT TIME CONSUMING?
It can be. As with many of these schemes, there is quite a lot of paperwork involved, but our experienced team has successfully submitted applications for numerous clients, and we fully understand the process.
WHAT ARE THE BENEFITS FOR YOUR COMPANY?
- Impartial, specialist advice from a team of experts tailored to your requirements
- Free eligibility assessment
- Potential recovery of up to 20 % of electricity spend
- Time saving
- No direct cost – fees based on a % of funds recovered
WHAT DO I NEED TO DO NEXT?
Call us to discuss your requirements or arrange a visit from one of our experienced team.