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Energy Industry News
Energy Bills Discount Scheme

Energy Bills Discount Scheme Coming to an end

The UK Government’s Energy Bills Discount Scheme (EBDS) is scheduled to come to a close on March 31st, bringing an end to direct financial assistance for businesses facing rising energy expenses. Anthony Ainsworth, Chief Operating Officer at npower Business Solutions, recognizes the scheme’s significance as a temporary measure during unprecedented conditions. However, he emphasizes the lack of a sustainable, long-term policy to support businesses dealing with increased wholesale energy costs.

Anthony Ainsworth, Chief Operating Officer at npower Business Solutions, commented: “We know that businesses would welcome more incentives to invest in energy efficiency or to install on-site renewable energy generation.

“At the end of last year, the government outlined how it will allocate the £6 billion of funding for energy efficiency improvements that was originally announced in the 2022 Autumn Statement, which included £225 million for the Industrial Energy Transformation Fund and £1.25 billion allocated to the Public Sector Decarbonisation Scheme.

“£410 million was also allocated to ‘Industrial Energy Efficiency and Decarbonisation’, but as yet, we have not seen the detail, and the funding itself is not due to become available until 2025.

“This leaves a significant gap between the end of the EBDS and more potential funding for energy efficiency, when businesses really need support now.

“In this crucial election year, it is vital that the voice of business is heard. And, while some measures announced recently will be welcome, there is still the feeling that more could be done to support businesses, particularly when it comes to helping them proactively reduce energy consumption, and make the necessary investments to support net zero.

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Author

Nick Simpson