Proposed legislative changes to support implementation of the British Industrial Competitiveness Scheme

Overview

The Government is implementing the British Industrial Competitiveness Scheme (BICS), which will exempt eligible businesses from certain electricity scheme costs to reduce their energy bills. To ensure this does not increase electricity bills for households and other non-exempt consumers, the Government intends to provide Exchequer funding to offset the costs of the exemption. This consultation seeks views on proposed legislative changes to enable that funding to be delivered through the Contracts for Difference (CfD) supplier obligation framework.