Unlock Up to £60/MWh in Savings with BICS

The British Industrial Competitiveness Scheme (BICS) could help eligible manufacturers reduce electricity costs through levy relief.

True Group assesses your eligibility, calculates your potential savings and manages the application process from start to finish, with no upfront fees.

Applications open on 1st October 2026, but preparation starts now. Get ahead of the rush by assessing your eligibility today.

See If You're Eligible.

Fill in your details here and book a free consultation now.

Why Businesses Are Paying Attention To BICS

Fund

Up to £60/MWh potential savings

for eligible manufacturers.

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Backdated credit

Government-funded bill credit backdated to April 2026.

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10,000 manufacturers

The scheme is expected to support around 10,000 businesses.

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No upfront cost

True Group manages the process through our share-of-savings model.

Who is Eligible?

 

  • Frontier industries
    High-value advanced manufacturers in IS-8 growth sectors, including automotive, aerospace, pharmaceuticals and clean energy, facing direct international competition.
  • Foundational manufacturers
    Businesses supplying critical inputs to frontier industries, including steel, chemicals, glass, ceramics, light metal casting, non-ferrous metal casting, forging, pressing, stamping and metal coating and treatment.
  • Pro-rating by site
    The level of exemption is determined by the proportion of a site’s electricity used to manufacture eligible products (both purchased and self-generated electricity counts). It's applied through banded thresholds:
    <25% eligible use: no relief
    25-50%: 50% relief
    50%+: 100% relief.

 

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 How Much You Could Save

Up to £300,000*

potential savings per year for 5GWh annual consumption.

Up to £1.2m*

potential savings per year for 20GWh annual consumption.

Up to £3m*

potential savings per year for 50GWh annual consumption.

*Illustrative examples based on maximum £60/MWh relief.

 How True Group Helps

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Eligibility review

We assess your sector and electricity use to confirm if you qualify.

Finance

Savings modelling

We calculate your potential BICS savings and any backdated relief.

Support

Application support

We manage the evidence, calculations and submission from start to finish.

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Receive savings

Benefit from ongoing levy relief and backdated credit.

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Key Dates To Know

Applications open in October, but we're already helping businesses prepare successful submissions.

  • 14 May 2026
    Government consultation closed.

  • August 2026 (expected)
    Government response expected.

  • 1 October 2026
    Applications open.

  • 30 November 2026
    Application window closes.

  • April 2027
    BICS launches with backdated payment to April 2026.

The Application Window Is Short.

BICS could reduce electricity costs for eligible manufacturers through relief on key non-commodity charges.

The sooner you understand your eligibility, the sooner you can quantify the opportunity and prepare for the application window.

Check Your Eligibility.

Fill in your details here and book a free consultation now.