With government compensation, UK manufacturing companies 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) and Feed-In Tariff (FIT) can now be offset against a compensation scheme introduced in 2016.
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