Overview
The TBESS helps businesses cope with rising energy costs by allowing them to claim 40% of their energy bill increases if they meet certain criteria.
To qualify, the business must be tax compliant and carry out a trade or profession that includes charities and approved sports bodies.
The business must have experienced a significant increase of 50% or more in its electricity or natural gas average unit price between the claim period (September 2022 to April 2023) and the reference period (the corresponding calendar month in the previous year).
Details on the scheme are available in the TBESS guidelines.
Claim amount
Qualifying businesses can claim a Temporary Business Energy Payment (TBEP) equal to 40% of their eligible energy costs, subject to a monthly cap.
State aid
The scheme complies with the EU State Aid TCF, which limits financial support for single undertakings.
Publication
Revenue will release a list of businesses that have utilized the TBESS, which includes their names, addresses, and the total amounts claimed.
To comply with the TCF, further information will be published for single undertakings whose claims exceed:
€100,000 for any claim period,
or
€10,000 per claim period for farming, fishery, and aquaculture activities.
Note:
A number of enhancements have been made to the TBESS. Please see the next page in this section for further information.
Do you need more information?
At Beresford McArdle, we provide a you with a complementary consultation. Feel free to reach our to our team with any questions you may have.
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