The Temporary Business Energy Support Scheme (TBESS) which was recently introduced by the government is now open for applications.
The TBESS was introduced to support businesses with increases in their electricity or natural gas (energy) costs. The scheme will operate in respect of energy costs for the period 1st September 2022 to 28th February 2023.
Qualifying businesses can claim for 40% of the increases in their energy bills. The increase in energy bills must be between the ‘claim period’ and the ‘reference period’.
A claim period is a calendar month from September 2022 to February 2023. A reference period is the corresponding calendar month in the previous year. For example, September 2021 is the reference period for the September 2022 claim period.