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
More News Articles
John DeLorean – Car Maker – Con Man
John DeLoreanCar Maker – Con Man23MAY, 2020Recently on a trip to London I went in to St Martin Models in Cecil Court, a model car shop specializing in die cast model cars and there it was, a 1/18 scale model an exact scaled down replica of the DeLorean DMC-12. The...
The Covid-19 health crisis will dwarf the 2008 recession
The Covid-19 health crisis will dwarf the 2008 recession09APRIL, 2020PJ LYNCH PAINTS A GRIM PICTURE OF THE POST-CORONA VIRUS BUSINESS CRISIS THAT IRELAND IS HEADING INTOThe Covid-19 pandemic is undoubtedly very serious, and apart from health and wellbeing it will...
Involuntary Strike-Offs Can Have Consequences
Involuntary Strike-Offs Can Have Consequences26FEBRUARY, 2020THERE CAN BE SERIOUS CONSEQUENCES FOR ALLOWING THE CRO TO STRIKE-OFF YOUR COMPANY, SAYS PJ LYNCH OF PJ LYNCH & CO.These days as you thumb through the newspapers and when you eventually come to the legal...
New Register of Beneficial Owners of companies
New Register of Beneficial Owners of companies19FEBRUARY, 2018Company directors and shareholders should be aware that an additional responsibility is about to be placed on their shoulders as the Companies Registration Office is set to launch a Register of people with...
Talking Tax Matters
TALKING TAX MATTERS10NOVEMBER, 2016Rent-A-Room-ReliefIf an individual rents a room in his/her Private Dwelling House (PDH) and the gross income including monies for food, laundry or similar goods and services etc. , does not exceed €14,000, then this income will be...
The Why And The What Of Liquidation
THE WHY AND THE WHAT OF LIQUIDATION 01 NOVEMBER, 2016 In our ever growing economy why is it that there are still companies being wound up and going into liquidation…? There are many reasons which are summarized below: Members’ Voluntary Winding Up If a company has no...