Page 14 - BOSS Today Issue 57

BOSS Today #57 ENERGY

POWER

PLAY

IT’S NO SECRET THAT ENERGY PRICES HAVE RISEN

RAPIDLY OVER THE LAST 12 MONTHS. BOSS TODAY
ASKED JORDAN RASSAS, HEAD OF NEW BUSINESS

FROM INENCO FOR AN UPDATE ON TRENDS

BT: Can you give us an overview of Relief Scheme (EBRS) in April wholesale price in the supply
what is currently happening with 2023. Can you explain what this contract is above the floor. A lower
Energy prices? means in terms of support for floor price and bigger discount
businesses? apply to qualifying Energy and
INENCO: Prices have fallen radically from Trade Intensive Industries (ETII).
the peaks of the autumn, but the INENCO: EBDS will apply to the same Suppliers will continue to apply the
market is still extremely sensitive to organisations that were previously benefit automatically on invoices
short term shocks. The gas storage eligible for EBRS, albeit at far by either discounting the unit rate
position has remained strong lower levels of support, and will or applying a separate credit line.
since Christmas and European run for 12 months from 1st April
temperatures have remained 2023 to the end of March 2024. BT: Some of our members will
relatively high – but most of the However, Energy and Trade qualify as Energy Trade Intensive
factors that impacted prices in 2022 Intensive Industries can benefit Industries. What will this mean for
remain in place. We see no signs from additional protection. them and how can they apply?
of the market returning to its pre- Frustratingly, the full detail of the
2022 “normal” soon. scheme is not yet fully available, INENCO: The higher level of relief detailed in
but we do know that all contract the table above will apply to 70%
BT: The government has announced types will be subject to a maximum of your total consumption. The
the Energy Bills Discount Scheme discount and the discount will only definition of organisations that are
(EBDS) to replace the Energy Bill be applied when the underlying eligible for the higher level of relief

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