Charity News: Energy costs

Charity News: Energy costs
Charity News: Energy costs

To address some of the concern over increasing energy prices the Government has announced an Energy Bill Relief Scheme. This will apply to all non-domestic customers, including businesses, the voluntary sector and public sector organisations, and will provide a discount on wholesale gas and electricity prices that is equivalent to the Energy Price Guarantee that has been put in place for households. The discount will apply to any fixed contracts entered into on or after 1 April 2022 as well as to deemed, variable and flexible tariffs in respect of energy usage from 1 October 2022 for an initial six month period. The discount will be automatically applied to energy bills.

Separately changes will be made to the Energy Bills Support Scheme to ensure that the £400 discount to households will reach the estimated 1% of households that would otherwise not have received this support, such as park home residents and those tenants whose landlords pay for their energy under a commercial contract.

Details: Government outlines plans to help cut energy bills for businesses

Our full Charity Newsletter can be found here.

For more information on our charity services please visit our website or contact Frank Harling on 01932 830664 or charities@wardwilliams.co.uk

 

About the author

Colin is a Director at Ward Williams who has more than 25 years of practical experience and qualified with the Association of Chartered Certified Accountants in 2001.

He has a diverse portfolio ranging from small owner managed businesses to larger companies requiring audit together with a number of specialist clients such as charities, pension schemes, acadamies and solicitors. Colin provides a range of accounting, tax and audit services to these clients.

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