The Government’s low carbon targets have resulted in an increase in the retail price of electricity meaning that energy intensive industries are faced with a possible financial disadvantage when competing in overseas markets.
In recognition of this, the Government has introduced a scheme to assist Energy Intensive Industries (EII’s) where they may be exempt from up to 85% of the cost of Contract for Difference (CfD), Renewable Obligation (RO) and Small-Scale Feed in Tariff (FiT).
There is a two-step qualification process:
1) A Sector Level Test - a list of eligible sectors which can be found here
2) A Business Level Test - in order to meet the criteria a business must pass a 20% electricity intensity test
Our CEC Solutions team will review EII qualification and options as part of the working arrangement with all our clients. If there is an opportunity to secure a reduction in costs, we will let you know.
If you would like us to review EII qualification for your business, please get in touch. We would be delighted to help.