Written answers

Tuesday, 21 March 2023

Department of Communications, Climate Action and Environment

Business Supports

Photo of Michael LowryMichael Lowry (Tipperary, Independent)
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162. To ask the Minister for Communications, Climate Action and Environment if he and his Department will review correspondence from a company (details supplied) in County Tipperary; the supports he intends to introduce to help such business groups; and if he will make a statement on the matter. [12317/23]

Photo of Eamon RyanEamon Ryan (Dublin Bay South, Green Party)
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The electricity retail market in Ireland operates within a European Union regulatory regime wherein electricity markets are commercial, liberalised, and competitive and prices are no longer regulated. Operating within this overall EU framework, responsibility for the regulation of the electricity and gas markets is solely a matter for the Commission for Regulation of Utilities (CRU), which was assigned responsibility for the regulation of the Irish electricity and gas markets following the enactment of the Electricity Regulation Act (ERA), 1999.

Nevertheless, Government recognises the difficulties businesses are facing due to the unprecedented increase in energy costs resulting from the military aggression by Russia in Ukraine. The Temporary Business Energy Support Scheme (TBESS) was introduced to specifically address these challenges and Government have now made amendments to this scheme, to ensure businesses continue to be fully supported during this time.The scheme was designed to support qualifying businesses in respect of energy costs relating to the period from 1 September 2022 to 28 February 2023, subject to monthly caps. However, in order to facilitate the continuation of the scheme, the Minister for Finance has exercised the power contained in Section 100 of Finance Act 2022 to extend the scheme to 30 April 2023.From 1 March, the monthly limit on aid under the scheme is also increased to €15,000 per qualifying business in relation to a trade or profession, subject to an overall cap of €45,000 in cases where a business is carried on from more than one location. Moreover, Government proposes to make a number of further amendments to the scheme. These changes will require State aid approval and subject to receiving that approval will be provided for in the forthcoming Finance Bill. The additional changes are as follows:- The Scheme will be extended, to 31 May 2023- The threshold for qualification will be reduced from a 50% increase in electricity or gas costs to 30%increase (to apply retrospectively from 1 September 2022)- From 1 March 2023 the level of relief will increase from 40% to 50% of eligible costsPending implementation of these changes, claims can continue to be made under the current scheme, with full details available on the Revenue website at the following link: Qualifying criteria for eligible businesses Making a claim (revenue.ie)

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