In the 2015 Autumn Statement, the Government announced its intent to reduce the impact of renewables policies on the costs of electricity for the most Energy Intensive Industries (EIIs).
This proposal would see EIIs exempt from a significant proportion of the costs of the Renewables Obligation (RO) and the Small Scale Feed-in Tariff (ss-FiT), in order to ensure that they maintain their competitiveness internationally.
Under this exemption, companies operating in sectors such as metal casting, heavy manufacturing and mining will benefit, but non-exempt customers will pay extra to cover the cost of the exemptions. This cross-subsidy will put further upward pressure on prices for these non-EII customers.
There are a whole host of qualifying criteria and assessment questions to assess eligibility. As is stands there are only 130 qualifying companies in the UK.
What we are seeing is energy brokers contacting companies claiming they can secure huge savings for them under the scheme when in reality they are using it as a back door tactic to engage their services under a Letter Of Authority (LOA).
The message of this news update for Made In The Midlands members is to be wary and tread carefully if you are approached regarding the EII scheme.
As always we are happy to have a conversation and as part of our service is you are a client we will have already assessed your eligibility for the scheme.
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