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The temporary Business Energy Support Scheme (TBESS) Explained

The proposal for the temporary Business Energy Support Scheme or TBESS that was outlined in yesterday’s budget was warmly welcomed by business owners up and down the country. Approval from the E.U. must be granted before the TBESS scheme can be rolled out. An estimated timeframe of five/ six weeks has been given by the government.

The main goal of the scheme is to keep as many businesses as possible from going into liquidation and prevent employee layoffs. The scheme is on the verge of being operational as soon as November once legislation is through the Dáil and Seanad and the Revenue’s systems are up and running to administer. One other potential stumbling block is that the scheme requires clearance from the European Union as state aid rules mean that there is a cap on the amount of support a government can provide to any one business.

In short,
What is the scheme?

Financial aid for businesses being hit with soaring energy costs.

Who can apply?

Any business in Ireland if they can show that the unit cost on their electricity or gas bills has gone up by 50pc or more this year compared to the same period last year.

How much is available?

The scheme will pay out 40pc of the increased cost of bills up to a limit of €10,000 per premises per month.

For further information on the scheme see below links to articles from Rté &

#business #energy #gas #businessowners #gas #electicty #budget2023

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