Universities that produce their own beer could see their bills slashed by as much as 20% off predicted wholesale prices after the government announced further support on costs for sectors using high amounts of energy.
Applications have now opened for energy and trade-intensive sectors that are most affected by the unprecedented rise in global energy prices to claim further discounts on their bills between 1 April 2023 and 31 March 2024.
The companies that are eligible for the support in question use high amounts of energy to deliver their goods but also are exposed to strong international competition, meaning they cannot raise their prices to cover the increase in costs they have faced. This could include breweries.
Ministers are urging companies to check their eligibility and submit their applications at the earliest opportunity.
"We are beginning to see the light at the end of the tunnel for global energy prices as Putin’s grip on the market weakens, but our vital energy and trade-intensive industries remain uniquely exposed to these challenges," says Amanda Solloway, minister for energy consumers and affordability. "We stand firmly behind British business and that’s why we’re protecting them with an additional offer of support so they can continue to thrive. I urge businesses to check their eligibility and submit an application right away so they can get the help they need."
