A scheme is now open to compensate electricity intensive industries for electricity charges related to the Renewables Obligation (RO) and Feed-In Tariff (FIT).
RO and FIT charges reflect the government’s commitment to meet legally binding carbon emission targets, and result in a cost to consumers via electricity bills. This increase in electricity prices risks reducing the international competitiveness of the UK’s electricity intensive businesses.
Eligible businesses can now submit a claim to receive RO and FIT compensation, which amounts to approximately 1p/kWh for eligible electricity consumption.
In order to claim the relief, businesses must manufacture a product in the UK within specific eligible sectors. An electricity intensity test must also be passed to show that the business is put at a competitive disadvantage by the RO and FIT charges.
Claims submitted before 31 March 2016 can benefit from backdated compensation.
How Envantage can help
To obtain the RO and FIT compensation you must carry out eligibility and baseline assessments across appropriate meter points, and submit regular reports.
Envantage assists industrial clients across all sectors in the UK with data intensive government energy schemes. Our experienced team can assess your eligibility for the RO and FIT compensation, and help you claim the relief.
Tel: +44 (0) 161 448 7722
Fax: +44 (0) 161 448 7733
Email Envantage email@example.com