Skip to main contentAre you one of the 10,000 manufacturers set to benefit from BICS?
There is good news for manufacturers today, with plans to expand the scope of the BICS scheme – designed to provide relief on electricity costs – from 7,000 to 10,000 businesses.
While the scheme doesn’t commence until April 2027, relief will be backdated to April 2026 and provide a further financial boost for eligible manufacturers.
Unlike existing energy compensation schemes, BICS is broader in scope and reaches sectors that may not previously have received government compensation or exemptions.
The detail on eligibility criteria is still to come and Envantage will be scrutinising the detail and sharing insights via its BICS forum group.
The government has opened a further consultation, which closes on 14th May, providing a short window for businesses to respond and influence the final design.
Envantage clients will be assessed individually against the updated BICS scheme, but get in touch if you think your business will be affected.
To understand what BICS means for your business and stay up to date on key announcements, join the Envantage BICS Forum Group here.
Categories
Tags
Share this article
Explore our Compliance services:
BICS – the British Industry Competitiveness Scheme
Understand BICS, the new British Industry Competitiveness Scheme, electricity discounts for UK Manufacturers in IS-8 and foundational sectors
Discover moreCompensation Schemes
Major energy users cannot afford to miss out on key savings from compensation schemes such as Energy Intensive Industry discounts (EII), climate change agreements (CCA), and the Min-Met CCL Exemption Scheme. Our experts are adept at securing qualification for these schemes – often where others have said it isn’t possible.
We can help you with:
Exemptions for Energy Intensive Industries (EII) | Climate Change Agreements (CCA) | Min-Met CCL Exemption Scheme
Regulatory & Reporting Requirements
Nobody knows the regulatory landscape better than our specialist team. They are genuine experts, who take care over the details – when it comes to compliance that’s important and will ensure you will reap the optimum benefits.
Discover more
Abraham Moon
Envantage was recommended to Abraham Moon as a trusted energy and carbon consultancy partner. What began as support around Climate Change Agreements (CCA) and regulatory compliance quickly evolved into a joined-up programme covering carbon strategy, energy efficiency, procurement, and internal capability building.
Discover moreSubscribe to receive exclusive content and industry insights from our team of carbon and business energy experts, and our Daily & Monthly Market Updates.