The Government recognises that those in energy and trade intensive industries (ETIIs) are less able to pass higher costs through to their customers, due to international competition.
Therefore, a higher level of support will be provided to businesses in sectors identified as being the most energy and trade intensive – a long-standing category primarily including manufacturing businesses.
As with the current scheme, the discount will reflect the difference between the government supported price and the relevant wholesale price.
This discount will only apply to 70% of energy volumes and will be subject to a ‘maximum discount’ of £40.0/MWh for gas and £89.1/MWh for electricity.
The threshold price will be £99/MWh for gas and £185/MWh for electricity.
For a full list of sectors in scope, please click here.
Businesses may need to register to be eligible for this additional support. Details on how to apply will be released in due course.