A total budget of €35 million has been allocated to the Electricity Refund Bill Scheme, through which over 16,000 businesses may benefit from a refund of up to 50% of their electricity bills between July and September.
The scheme was one of the various measures announced in last June’s ‘mini-budget,’ and all businesses which have benefitted from the Covid Wage Supplement are eligible.
The refund amounts to 50% of businesses’ electricity outlay between July and September, though it is capped at €1,500 for businesses with just one outlet. The highest cap is set at €7,500, for businesses with 5 or more outlets which employ 40 or more people benefiting from the wage supplement.
|number of employees receiving|
Covid wage supplement
|number of distinct|
|40 and over||5+||€7500|
“In much the same way we supported businesses during the past months, as a government we continue to stand shoulder to shoulder with businesses and families throughout this journey for the regeneration of our economy. Our goal is to keep safeguarding as many jobs as possible,” Economy Minister Silvio Schembri said as he went over the scheme.
The scheme will be handled by Malta Enterprise, which will be outlining the application process in an email which will be sent to all eligible businesses. The refunds are to be paid after the amount paid for electricity is verified with ARMS.
One may also call Business First on 144 during office hours, send an email to email@example.com, or visit the website regeneration.maltaenterprise.com for further assistance.