The Temporary Business Energy Support Scheme (TBESS) is now open for registration on ROS.
TBESS will provide support to Irish businesses impacted by the unprecedented increase in energy costs and is available to companies, self-employed individuals and partnerships carrying on a trade or profession. The scheme will operate in respect of electricity and natural gas costs for the period 1 September 2022 to 28 February 2023.
To qualify for the scheme, 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 the month that is 12 months prior to the claim period. The business must also be eligible for a tax clearance certificate throughout the claim period
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). The eligible cost amount in relation to an electricity or natural gas bill is calculated as the increase between the bill amount on that electricity or natural gas bill as compared to a bill amount in the month that is 12 months prior to the claim period.
The scheme, which will be administered by Revenue, expects that the portal for making a claim will be available on ROS from Monday 5th December 2022. The time limit for making a claim in relation to an electricity or gas bill is 4 months from the end of the claim period to which the electricity or gas bill relates.
Here to help
If you have any questions regarding the scheme or require any further assistance registering or claiming Temporary Business Energy Support Scheme (TBESS) please do not hesitate to contact us.