The UK government has released the details of its recent consultation to exempt Energy Intensive Industries (EII) from indirect RO and FiT charges.
Following the consultation, Energy Intensive Industries will gain exemptions of up to 85% to pay the indirect fees incurred by the Renewables Obligation charge (RO) and Feed-in Tariffs (FiT). As a result, non-energy intensive industries could see a small rise in their energy bills in 2017.
The new scheme will see the end of a government compensation system and will be replaced by an exemption scheme led by the suppliers. Over 20TWh will be exempt from FiT and RO charges with the expectancy that non-EII users will absorb those costs; this is expected to add around 1.5% to non-exempt energy bills from April 2017.
If you are a non-energy intensive user and have entered a fixed contract then you may be affected. Each supplier is likely to have a different policy on whether they will pass through this increase or absorb it in their agreed contract so wewould advise you to get in touch with Apollo Energy today to find out if your current contract is affected and what impact it may have on energy costs in the future.
Call us on 01257 239500 or request a call back using the form on our contact page.