With government compensation, UK manufacturing companies in Energy Intensive Industries can save up to 15% on electricity bills
This is especially welcome in the light of extra costs resulting from the government’s commitment to meeting carbon emission targets.
Extra charges related to the Renewables Obligation (RO), Feed-In Tariff (FIT) and Contracts for Difference (CfD) can now be offset against a compensation scheme introduced in 2016, aimed at qualifying Energy Intensive Industries (EII).
Claiming this substantial level of compensation will clearly help to maintain the international competitiveness of key manufacturing businesses.
Are You Eligible For Compensation?
The criteria are straightforward. To be eligible:
- You must manufacture a product in the UK
- You must operate in an eligible sector
- Your company must pass a test based on electricity use and profitability
How Much Could You Save?
For qualifying companies, there are reductions of up to 2.99p per kWh available. You could save almost £30,000 for every 1,000,000 kWh (1 GWh) you use.
Envantage Ltd has worked since 2004 to help businesses like yours assure compliance, reduce costs and reduce carbon emissions. Our experts will tell you whether your business qualifies, and how you can benefit from this important compensation scheme.
Call Envantage today on 0800 054 2577 or email email@example.com.