If you are using more than 500,000 kWh of electricity per annum and you are in a qualifying sector, it is likely that will secure significant savings on your bills via the new British Industrial Competitiveness Scheme (BICS).
It equates to around a 25% per cent discount on the energy you use.
But the opportunity to secure these savings is now as the application window is only open between 1st October and 30th November 2026.
Applicants need a robust evidence pack to secure the highest possible discount on electricity bills. However, one small error in data gathering could see a company’s savings halve or disappear altogether.
The level of exemption granted to a site is determined by the proportion of electricity used to manufacture eligible products, applied through banded thresholds:
- Less than 25%: No exemption
- 25% to 50%: 50% exemption
- More than 50%: 100% exemption
Are you ready to secure BICS savings?
- Have you received a letter from the Department for Business, Innovations, Science & Trade inviting you to apply for BICS?
- Are you confident about your eligibility status, especially how much discount you will receive?
- Is your business in the danger zone where you might miss out on the maximum savings or fail to qualify for any discount?
- Are you ready to submit a robust application, backed by sound data?
- Do you have access to genuine experts who can secure the best possible savings for your circumstances?
Specialist carbon and energy consultancy, Envantage, has played a key role providing feedback to the Department for Business, Innovations, Science & Trade during the development of the BICS scheme.
In their new guide, BICS explained – How to Secure Maximum Savings, they share everything you need to know to make BICS work for your business.
Fill in the form below to download the guide.
