- The federal government’s Vitality Payments Low cost Scheme (EBDS) is supporting companies with their power prices
- If a enterprise’ unit value meets the EBDS standards, they could qualify for a reduction on their power
- Most eligible Octopus prospects don’t must take any motion – we’ll routinely apply the low cost to those who qualify
- Use this weblog to search out out what EBDS is, what it means for companies and the way we’re serving to prospects profit from it
Final up to date: 18th April 2023
The federal government is continuous to assist companies with excessive power prices
This started with the Vitality Invoice Reduction Scheme (EBRS), which ran from October 2022 till March 2023.
In April 2023, the federal government changed EBRS with EBDS, which is working till thirty first March 2024.
Like EBRS, EBDS gives a reduction on power
This helps companies handle excessive costs by lowering the price per unit of electrical energy and gasoline. In flip, this makes it simpler for companies to scale back what they’re spending on power.
The unit fee discount is totally different for companies in Vitality and Commerce Intensive Industries (ETII). These will obtain an even bigger low cost on the primary 70% of their power consumption. The remainder of their utilization then receives the non-ETII EBDS low cost.
Head to the federal government’s ETII web page to examine whether or not you’re in an ETII trade and apply for the ETII low cost.
All sorts of non-domestic prospects could qualify for EBDS
In addition to companies, this contains charities, colleges and hospitals.
To qualify for the low cost, the organisation must be on:
- a hard and fast value contract that started on or after 1st December 2021 (together with new ones)
- a deemed or out of contract tariff
- versatile buy or the same contract
To qualify, the wholesale factor of a enterprise’ unit fee should be over the federal government threshold
That is the a part of a unit fee that’s decided by wholesale prices. The desk under exhibits the thresholds for various gasoline sorts.
| Trade | Gasoline | Minimal wholesale factor unit fee (per kWh) | Low cost quantity (per kWh) |
|---|---|---|---|
| Non-ETII | Electrical energy | 30.2p | 1.961p |
| Fuel | 10.7p | 0.697p | |
| ETII | Electrical energy | 18.5p | 8.9p |
| Fuel | 9.9p | 4p |
For many prospects that qualify, we’ll apply EBDS routinely
For those who qualify and are non-ETII, we’ll apply the low cost to your unit charges. You’ll see EBDS breakdowns in your invoices from Might onwards.
For those who’re in an ETII trade, head to the federal government web site to register for this increased low cost.
Remember that some scammers are pretending to be Octopus and Ofgem
We can’t ask you to use for EBDS. So, in case you get a name or e-mail asking you to ship us an software, ignore it and tell us.
You may additionally be eligible for the Different Gasoline Fee (AFP)
That is one other authorities scheme to assist companies with their power payments. It is a £150 cost for purchasers that use various fuels for heating, as an alternative of electrical energy or gasoline.
We have paid the AFP into the accounts of companies that we all know are eligible. For those who suppose you are eligible however you have not acquired it, you possibly can apply for it on the federal government web site.
FAQs
What’s the distinction between EBRS and EBDS?
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EBRS led to March 2023. EDBS changed it and can run from 1st April 2023 to thirty first March 2024.
They each supply reductions on enterprise unit charges. However the threshold to obtain EBDS is increased than EBRS. So fewer organisations will qualify – and those that do could obtain a smaller low cost.
I don’t suppose my EBDS is being utilized accurately – what ought to I do?
What is going to occur when EBDS ends?
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The federal government hasn’t introduced something past the EBDS finish date of thirty first March 2024. In the event that they announce some other plans, we’ll let our prospects know.
