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Energy supports for business’

Budget 2023 announced supports for business of all sizes to help with the rising energy costs in order to stabilise businesses.

 

€1.25 billion Temporary Business Energy Support Scheme (TBESS)

 

The Temporary Business Energy Support Scheme (TBESS) will assist businesses with their electricity or natural gas (energy) costs during the winter months. The scheme will be open to businesses that:

  • are tax compliant
  • carry on a Case I trade or Case II profession (including certain charities and approved sporting bodies in relation to certain income)
  • and
  • have experienced a significant increase of 50 per cent or more in their natural gas and electricity average unit price between the relevant bill period in 2022 and the corresponding reference period in 2021.

Revenue will administer the scheme, which is being designed to be compliant with the European Union (EU) State Aid Temporary Crisis Framework. This means that EU Commission approval will be required for the scheme before any payments can be made to businesses.

 

Information on the scheme is contained in the TBESS guidelines. Revenue is currently developing the IT system to enable business to register for TBESS. It is anticipated that the portal will be available at the end of November 2022.

 

Time limit for making a claim for a TBEP

 

The time limit for making a claim in relation to an electricity or gas bill is 4 months from the end of the claim period to which the electricity or gas bill relates. Set out below are the relevant time limits for making a claim in respect of each claim period:

 

Claim Period

Time Limit for making a claim

September 2022

31 January 2023

October 2022

28 February 2023

November 2022

31 March 2023

December 2022

30 April 2023

 

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