WebApr 29, 2024 · Updated 10:19, 29 APR 2024. The Government is promising support with electricity costs for high energy usage businesses, including manufacturers of steel and batteries for electric vehicles. Ministers said an Energy Intensive Industries Compensation Scheme will be extended for a further three years and its budget will be …
Energy-Intensive Industry (EII) Exemption Scheme - EIC
Web21 hours ago · The European Commission has approved the Dutch Cabinet’s 1.4 billion euro plan to compensate small and medium-sized businesses for the higher energy costs they face since the Russian invasion of Ukraine. These are energy-intensive companies in various sectors with purchases of natural gas and electricity that amount to at least 7 … WebThe UK government is moving from compensation to exemption for businesses categorised as Energy Intensive Industries (EII). Exemptions are in place for eligible businesses for the indirect costs arising from the Renewable Obligation (RO) and Contracts for Difference (CfD). Stay briefed on the EII exemption scheme with the latest news ... bruce penhall today
High energy usage businesses to benefit from further ... - GOV.UK
Webrationale for increasing the subsidy level of the current scheme to provide energy intensive industries with a greater exemption from the indirect costs of funding renewable … Only certain sectors are eligible. First, applicants need to establish that they manufacture a product which falls within one of the eligible 4-digit SIC codes (you can find these in the official government guide). A few sectors were omitted from the scheme at the last update. These were: mining of iron ore, … See more The EII compensation scheme provides energy intensive businesses with relief for the indirect costs of the UK Emissions Trading Schemeand … See more Yes. In April 2024, the government announced that it would be extending the scheme for a further three years, until 31 March 2025. It follows a review of evidence which … See more Subsidy intensity will limit a company’s total indirect emission costs to 1.5% of their GVA or 75% of their total indirect emissions costs, whichever is greater in the respective years for the period April 2024 to March 2025. … See more Yes. All recipients of compensation are now required to submit a plan by the end of the first year of the scheme (March 2024) setting out their decarbonisation pathway and how this supports the UK’s net zero target. … See more WebApr 12, 2024 · The CCA scheme was first introduced in 2001. At its core, the scheme serves two purposes: 1. to increase energy and carbon savings through energy efficient practices and 2. to help reduce energy costs for energy intensive sectors by providing discounts on the Climate Change Levy for participating businesses. ew-14n4a-sb