PowerBudget 2026Up to 25% off your electricity.Claim it by 30 November.
Mapped. Managed. Maintained. And your discount, claimed.
The government's new British Industrial Competitiveness Scheme is open now. Applications close at 11:59pm on Monday 30 November 2026.
Until applications close, 11:59pm, Monday 30 November
Four tests. Every site is judged on its own.
Size doesn't decide it. Smaller manufacturers can qualify too. Each site needs to pass all four.
On Companies House
Your business is registered on Companies House.
An eligible sector
One of the codes recorded for you on Companies House is an eligible manufacturing sector.
Eligible products
The site makes eligible products in Great Britain.
33 MWh a year
The site uses at least 33 MWh of grid electricity a year.
The scheme takes three government policy costs off your electricity bill. The government puts the value at around £35 to £40 per MWh. Sites where half or more of the electricity goes on eligible manufacturing get the full discount. Between a quarter and a half gets half.
Your supplier takes it off your bills from April 2027 (the Capacity Market part from October 2027), with a one-off back payment covering 2026 to 2027. It lasts up to five years, as long as the site keeps qualifying.
You run the site. We'll do the claim.
Most of the time goes on finding paperwork, not filling in the form. That's the bit we take off your hands.
We check you qualify
We go through every site against the four tests, and work out how much of each site's electricity goes on eligible manufacturing.
We make the claim
We gather six months of bills and every meter number, build the evidence, and submit the application with your authority.
You keep the discount
We handle the yearly declarations and the year two review, check the discount shows on your bills, and look after your energy contracts.
And your discount, claimed.
One partner for every line.
We do all of the work on your claim when you place your gas and electricity with us. There's no fee to pay. The supplier you choose pays us a commission, included in your rates, and we show you the full amount, per unit and in pounds over the contract, before you agree anything.
And while we're looking after your energy, we can look after the rest too.
Insights are general information, not tax, legal or financial advice. Correct at 28 October 2026. We compare prices from the suppliers available to us. We do not cover the whole market. Source: GOV.UK, British Industrial Competitiveness Scheme; HM Treasury, Budget 2026. Read more in our Insight: BICS, plainly explained for manufacturers.
Start with your Meridex Map.
One signature. We gather everything from your suppliers and come back with your Meridex Map. What happens next is your decision.
Start your Meridex MapPrefer to talk first? Call 01278 551583 or email hello@meridexgroup.co.uk