Temporary Business Energy Support Scheme
The Temporary Business Energy Support Scheme (“TBESS”) which will be effective from 1 September 2022 to 28 February 2023. TBESS will provide support for business impacted by the ever-increasing energy costs.
The scheme, which is being administrated by the Revenue Commissioners will provide a cash payment to qualifying business.
- The reference period is a calendar month that is 12 months prior to the claim period i.e., September 2021 to August 2022.
- The scheme will operate in respect of electricity and natural gas costs for the period 1 September 2022 to 28 February 2023.
- The scheme operates by reference to by reference to bills and/or statements for the metered supply of electricity and gas identified by meter point reference number.
- To be eligible to submit a claim under the TBESS, a business must demonstrate that the average unit price for electricity and gas on relevant bill has increased by 50% compared to the average unit price in the reference period.
The consumption of electricity can be calculated by the following formula:
(A) is the total units of electricity or gas consumed during the billing period covered by the reference electricity or gas bill,
(B) Is the number of days in the billing period for the reference electricity or gas bill which corresponds to, or falls within, the reference period, and
(C) is the total number of days in the billing period for the reference electricity or gas bill.
Overall, if there is more than one reference or electricity or gas bill for a reference period, then the above formula must be used for each bill and the totals aggregated together.
In effect, this will determine the number of units of electricity or gas consumed during the billing periods covered by the reference electricity or gas bills that relate to the monthly reference period.
For additional information contact us and we will be delighted to help you with the TBESS application.
PJ Lynch Company
Tel (01) 707 9662 or email email@example.com
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