Ministers have urged business owners to claim the new energy support scheme before the end of the month.
The Government’s €1.3 billion Temporary Business Energy Support Scheme (TBESS), which provides eligible businesses with up to 40 per cent of the increase in electricity or gas bills up to €10,000 per month, has seen €9.5m approved for payment to date. It is administered by Revenue, backdated to September, and will run until at least February 2023..
However, the window for September claims will close at the end of this month. Claims from October onwards can be made after this point within the monthly deadlines.
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The Scheme was announced as part of Budget 2023 to help businesses cope with the recent rises in energy costs. “10,773 businesses have registered for the scheme which is encouraging,” said Minister for Finance Michael McGrath.
“But we want to see every eligible business doing so. TBESS is one of a number of measures introduced to help businesses mitigate against rising energy costs.”
Minister for Enterprise Simon Coveney said a range of organisations were eligible to claim: “This Scheme is open to all businesses, including sporting bodies and charities, who are tax compliant," he said.
"So far 4,392 claims have been approved under the scheme to the value of €9.5m, with €9m already paid out. Businesses can make a claim under the scheme if they have experienced a significant increase of 50 per cent or more in electricity and or natural gas average unit price. We want as many businesses as possible to get their claims in, so I’d encourage them to continue doing so.”
Minister for the Environment Eamon Ryan added: “Electricity and gas prices remain at very high levels due to international conditions, in particular the continuing challenges arising from the crisis in Ukraine, and indications are that this trend will continue for the foreseeable future. TBESS provides significant support for a wide range of businesses.
"Our objective is clear, namely, to support businesses through this unprecedented period in the same way as householders. The €1.3 billion provision for TBESS is generous, is immediately accessible and will be delivered to help cushion the energy shock. I’d like to urge all eligible businesses to submit their claims as early as possible.”
Businesses can register and make a claim under TBESS at the Revenue’s official website .
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