Thursday, December 22, 2016
Energy companies got a little certainty in the Autumn Statement when chancellor Philip Hammond declined to sweep away Carbon Price Support, instead maintaining the support at £18/t of CO2, until it rises with inflation in 2020/21. Industry has regularly lobbied to remove the tax, and Jeremy Nicholson, chief executive of the Energy Intensive Users Group (EIUG) commented that “EIUG is disappointed the Chancellor is not yet ready to announce the abolition of Carbon Price Support, which continues to undermine the competitiveness of UK industrial electricity users.
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