The British Industrial Competitiveness Scheme (BICS) launches in April 2027 to lower manufacturing energy bills. It targets over 10,000 electricity-intensive businesses across Great Britain.
Core Cost Relief
Indirect Policy Exemptions: Qualifying businesses receive a direct exemption from the indirect costs of three major green energy schemes.
Targeted Schemes: The relief covers the Renewables Obligation (RO), Feed-in Tariffs (FiT), and the Capacity Market (CM).
Billing Reduction: Supplying energy companies apply these exemptions straight to your monthly electricity invoices.
Financial Impact: Eligible manufacturers save approximately £35 to £40 per megawatt-hour (MWh).
Bill Reduction: Total electricity costs drop by up to 25% for qualifying operations.
To help evaluate your position for the upcoming launch, please feel free to get in touch with us on Tel 01207 320000 or email us at accounts@sanctusconsulting.com
Information required to ascertain a companies eligibility:
· Company’s primary SIC code or manufacturing sector
· Estimated annual electricity consumption in MWh
· Does your company produce a mix of eligible and ineligible products
We can then provide a tailored breakdown of your eligibility tier or estimate your net savings.