11 Feb Compensation for the Indirect Costs of RO/FiT – Energy Intensive Industries

Compensation for the Indirect Costs of Renewables Obligation and Small Scale Feed-In-Tariffs

Guidance and application forms have now been published on the Compensation Scheme

Foundries are now included in the list of eligible sectors include (via NACE Codes):

  • 2451 – Casting of Iron
  • 2452 – Casting of steel
  • 2453 – Casting of light metals
  • 2454 – Casting of other non-ferrous

However those companies in the eligible sectors then need to pass the Business Electricity Intensity Test – which requires showing that ‘their implied mean electricity cost amounts to 20% of their mean Gross Value Added (GVA)’.  This will be established using company data from the last three years.

Full details including the guidance, an explanation of calculations and forms are available from: www.gov.uk/government/publications/renewables-obligation-and-small-scale-feed-in-tariffs-apply-for-compensation

Angela Mason
Angela Mason