The Department for Business and Trade is seeking views on the proposed approach to the new British Industrial Competitiveness Scheme (BICS) and how eligible businesses should be selected.
The BICS aims to reduce electricity costs. This is for manufacturing frontier industries within the Industrial Strategy’s growth sectors – the Industrial Strategy 8, and manufacturing foundational industries which provide key inputs to the frontier industries, who meet a certain threshold of electricity intensity.
Eligible businesses are to be exempt from paying the indirect costs of the Renewables Obligation, Feed-in Tariffs and the Capacity Market.
This consultation closes at 11:59pm on 19 January 2026. More information can be found here.
