Planning for April changes to energy support for businesses

Earlier this month the Government announced changes to the way it will provide support to assist businesses faced with rising energy costs. These changes will take effect from 1^st April 2023 so we are encouraging businesses to engage with an experienced energy procurement specialist as early as possible to plan for the impact these changes may have on their organisation.

The current Government energy support scheme (Energy Bill Relief Scheme) runs from October 2022 to March 2023 and has capped the maximum price businesses pay for their energy supply.  From 1^st April 2023, the cap will be lifted and instead, businesses will receive a discount under the new Energy Bill Discount Scheme – but this will only apply if certain thresholds are met in respect of energy wholesale prices.  Furthermore, the level of support received will be dependent upon a business’s energy usage profile.

In order to estimate the likely cost of energy usage and its impact on overheads and profit it is, therefore, more vital than ever to understand the exact demand profile of energy usage across a business’s supply portfolio.

Increasingly, businesses are seeking assistance from specialists with the skills to audit and review energy usage and then use this analysis to engage with the wider supply market to obtain the most beneficial energy supply arrangements.

These specialists will have a diverse industry supply portfolio with extensive volumes across several thousand sites which gives considerable leverage when negotiating prices on behalf of clients.

Why should I choose FPA to support me with my utility spend?

We have over 25 years of experience in the procurement of electricity, natural gas and water. We are completely independent and specialise in providing proactive, reliable and professional support to companies.

For a no-obligation discussion with one of our utility consultants please get in touch.