Electricity Bill Refund Scheme

28 August 2020

As part of the Economic Stimulus Package announced on 8 June 2020 to assist businesses impacted by the COVID-19 pandemic, the Minister for the Economy, Investment and Small Businesses has launched the Electricity Bill Refund Scheme. 

This economic regeneration initiative will be administered by Malta Enterprise Corporation.

Who is eligible for this Scheme?

The Electricity Bill Refund Scheme is applicable to businesses that have benefited from the Covid Wage Supplement (Annex A, Annex B or Annex C).

What will be the aid awarded?

The aid will amount to a reimbursement of 50% of the electricity cost for any bill partially or fully covering the months of July, August and September 2020, subject to a capping depending on two criteria: number of shops (outlets) and number of employees.

Businesses having just one outlet may claim up to €1,500 as aid. However, this may increase to a maximum of €7,500 in the case of businesses operating from multiple outlets, having more than one electricity bill and depending on the number of employees that received the COVID wage supplement. The following table was published by the Minister:

Effective businesses
No of distinct electricity accounts No of employees receiving the wage supplement Maximum aid awarded

1

1-9

€1,500

2

10-19

€3,000

3

20-29

€4,500

4

30-39

€6,000

5

40 and over

€7,500

In the case of large retail complexes that have only one electricity meter registered with ARMS but this serves multiple business tenants and where the electricity cost is allocated through an internal system among such tenants, the internal accounts will be considered for the purposes of this Scheme.

What is the application process?

As from 1 September 2020, Malta Enterprise Corporation will send an email to eligible persons and entities containing a link to the Electricity Subsidy Scheme application form.

The application process will require the submission of a number of documents, including scanned electricity bills, an Enterprise in Difficulty Declaration Form, and information relating to aid already received through schemes administered by Malta Enterprise Corporation.

 

View more

Other conditions

The aid will be granted subject to the condition that bills for the months of July, August and September are settled. Once this has been verified by Malta Enterprise Corporation, the refund would then be issued in the same manner as the wage supplement support. 

Further information and Guidelines on this Scheme may be found on the website of Malta Enterprise Corporation

 

View more

Contact us

Neville Gatt

Neville Gatt

Head of Tax, PwC Malta

Tel: +356 2564 6791

David Ferry

David Ferry

Tax Partner, PwC Malta

Tel: +356 2564 6897

Victoria Muscat

Victoria Muscat

Senior Manager, Tax, PwC Malta

Tel: +356 2564 6739

Subscribe to the PwC Thought Leadership Newsletters / Alerts

PwC Malta engages through regular publications on relevant issues covering accounting, income tax, VAT, regulatory and industry specific topics.

Required fields are marked with an asterisk(*)

Please tick as appropriate

Hide