An energy broker is offering care home operators the chance to recoup some of their gas and electricity costs as part of an innovative new ‘payback’ scheme.

Matt Small, director of T150 Energy, has revealed plans to launch the initiative, providing care sector clients with between 0.2-3.5% of their energy costs back.

Small said: “Businesses could receive between 0.2%-3.5% of their annual gas and electricity costs, depending on a number of factors.

“Now, I appreciate that 0.2% as a minimum does not sound like a lot. However, if you consider the average care home may use 100,000 kWh – and I think this is conservative – per year on electricity alone; collectively, we could put a lot of money back into the industry.”

The Staffordshire-based company launched in 2019, shortly before the Coronavirus outbreak, and works across a number of sectors, from care homes and educational institutions to hospitality and manufacturing businesses.

Coming from a background in telecoms and a career in the armed forces, Small brokers energy deals between businesses and some of the top energy providers – including British Gas, Opus Energy, YGP, engie, Dual Energy, npower, Scottish Gas, SSE, and Gazprom.

And, with energy prices continuing to soar, and the care sector feeling the pinch, he is keen to give something back.

“There are 16,700 care homes in the UK and based on the average usage of 100,000 kWh per year, this gives an average use of electricity alone of 1,670,000,000 kWh per year,” Small said.

“If we could get even 1% of this number on to our payback scheme this could be between £17,000-£244,237.50 going back into UK care homes on a yearly basis; and that’s just the electricity.

“Based on the above figures, gas could put between £17,000-£146,542.5 in payback as well.

“And, if care homes have charitable status, the payback amount could be given as a charitable donation and would, therefore, not be taxable. It’s a win-win situation!”

For more information on the payback scheme, go to https://paybackscheme.co.uk/