Politics

Businesses in line for energy supports in bumper budget

Package for businesses is aimed at helping firms through a period of acute price pressures as firms face another winter of high energy prices

Simon Coveney, the Minister for Enterprise, is looking at “one-off” supports to replace the TBESS model, which was based on businesses getting compensation if they had experienced energy bill increases of at least 30 per cent.

New energy supports potentially worth hundreds of millions of euro to protect hard-pressed businesses are to be unveiled in next month’s budget.

The package for SMEs and other businesses is aimed at helping firms through a period of acute price pressures as they head into a second winter of sky-high energy prices.

The coalition is under growing pressure to overhaul the €650 million Temporary Business Energy Support (TBESS) scheme as oil prices again spike to ...