In April 2016, the Government released a consultation on implementing an exemption for Energy Intensive Industries (EII) from the indirect costs of Renewable Obligation (RO) and Small Scale Feed-in Tariff (FiT).
The proposed Exemption Scheme will mean EII will be exempt from paying RO and FiT directly through a reduction in their electricity bills. The cost of the RO and FiT that is not being covered by EII will be spread across non-exempt businesses. Most will see an increase in bills, but this will depend on contract type and supplier.
Update June 2017
Listen to this episode from our June 2017 Non-Commodity Costs Forecast webinar, featuring our latest insights on the EII Exemption:
For the latest updates on this topic and other non-commodity costs, register for future webinars here.
If you would like to know more about the EII exemption may impact your business, please contact your Account Manager on 01473 234150 or send an enquiry here.