You do not need to sign up to the scheme or take any action. The reductions, which will be in pence per kilowatt hour (p/kWh), will be applied to bills automatically by Power NI.
It is expected that businesses should see the savings in their first full bill following 1 November 2022, however this still remains to be confirmed. Suppliers will apply the reductions to the bills for all the eligible businesses and the Government will then compensate suppliers for the reduction in wholesale gas and electricity prices.
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