Revenue has issued guidelines on the new Temporary Business Energy Support Scheme (TBESS) introduced to assist qualifying businesses with their energy costs during the winter months. The scheme will operate in respect of electricity and natural gas costs relating to the period 1 September 2022 to 28 February 2023. To be eligible to make a claim, a business must be able to demonstrate that the average unit price for electricity or natural gas on the relevant bill has increased by 50% or more as compared to the average unit price in a reference period. This is the average unit price in the month that is 12 months prior to the claim period to which the relevant bill relates. Guidance on how to calculate the average unit price is set out in Revenue’s guidelines.
A qualifying business is entitled to claim a Temporary Business Energy Payment (TBEP) amounting to 40% of its eligible cost (subject to a cap for each monthly claim period). A claim for a TBEP must be made within 4 months of the end of the claim period to which a particular electricity or natural gas bill relates.
The claim portal for the TBESS is available on ROS from 5 December 2022.
More details can be found in Revenue’s Guidelines on the operation of the Temporary Business Energy Support Scheme (TBESS) here