A number of enhancements have been made to the Temporary Business Energy Support Scheme (TBESS).
The enhancements are as follows:
- the extension of the scheme to 31 May 2023
- an increase in the monthly limit on payments for claim periods from 1 March 2023 onwards:
- the €10,000 monthly limit on payments under the scheme has been increased to €15,000 per qualifying business
- the €30,000 monthly limit has been increased to €45,000 per qualifying business in cases where the qualifying business operates across multiple locations.
- a reduction of the energy costs threshold from 50% to 30%, with effect from 1 September 2022
- an increase in the Temporary Business Energy Payment (TBEP) amount from 40% to 50% of a business’ eligible costs from 1 March 2023 and;
- an extension of the time limit for all claims to 31 July 2023.
More information is available here.