Temporary Business Energy Support Scheme extended to end of July
The Irish Government has made a number of enhancements to the Temporary Business Energy Support Scheme (TBESS).
This includes an extension of the scheme to 31 July 2023, and an increase in the monthly limit on payments for claim periods from 1 March 2023 onwards.
The €10,000 monthly limit on payments under the scheme has been increased to €15,000 per qualifying business, while the €30,000 monthly limit has been increased to €45,000 per qualifying business, in cases where the qualifying business operates across multiple locations.
Among the other enhancements are a reduction of the energy costs threshold from 50% to 30%, with effect from 1 September 2022; an increase in the Temporary Business Energy Payment (TBEP) amount from 40% to 50% of a business’s eligible costs from 1 March 2023; and an extension of the time limit for all claims to 30 September 2023.
A qualifying business can make claims for the September 2022 to July 2023 claim periods. Revenue is automatically reassessing claims using the new 30% energy costs threshold.
A business does not need to amend claims previously submitted to take account of the revised threshold – they will receive a notification in their Revenue Online Service (ROS) inbox if any additional payment is due.