SSE advises tax reform in energy market

The ‘carbon tax’ much-loathed by businesses as an admin burden was blamed for reducing liquidity by SSE yesterday. Officially known as the carbon price floor, it is a de facto tax on emissions by large businesses which was originally meant to be recycled as a reward for businesses but was claimed by the Treasury. The […]

EU approves UK carbon price floor compensation plan

The UK’s plans to compensate certain energy-intensive users from higher electricity costs as a result of the carbon price floor has been approved by the EU. The carbon price floor, which was raised to £9.55 per tonne of carbon dioxide in April in Britain, is a tax on coal, gas and oil and is aimed at […]

Aluminium makers bang drum for “friendly” energy policy

Aluminium makers are feeling perky after a good year for energy policy, according to the trade body ALFED. On Friday the group blamed carbon cutting laws for making the UK “globally uncompetitive” over the last decade and leading to the UK’s primary aluminium producing capacity dropping 87%. ALFED praised the recent “Made in Britain” Budget, […]

Where’s the green strategy George?

Renewable energy backers and environmental businesses were scratching their heads today at the lack of green strategy in George Osborne’s 2014 Budget. The Chancellor devoted much of his speech to the Commons to a “Made in Britain” theme but little to environmental issues. Two issues came in for stick, the carbon price floor and the […]

Guest Blog: Tony Lodge – Dear George freeze Carbon if you want to put pounds in our pockets

The Carbon Price Floor is hardly the buzz word around Westminster but it should be. To use a shorter and more descriptive title, this ‘Carbon Tax’ is slowly shaping up to become a real battleground in the run up to the next General Election as its impact is central to the cost of energy and […]

UK energy costs “most off-putting for manufacturers”

Hefty energy prices are the issue manufacturers are most negative about according to a new survey. The poll of nearly 300 major industrial energy users found that for half, government commitment to keep energy costs at, or below, the EU average would be the biggest single factor in encouraging more companies to expand their manufacturing […]

Business energy "missing jigsaw” piece of Chancellor's plans

Business energy users are likely to be feeling hard done by as their predicament was “one big piece of the jigsaw” missing from the Chancellor’s Autumn Statement. That’s according to the CBI Director General John Cridland (pictured) who has told ELN: “He didn’t do anything about energy costs on business.” While the recent debate over […]

Repeated calls for Chancellor to tackle rising business bills

The manufacturers’ organisation EEF has called on the Chancellor to do more to tackle rising energy bills for businesses, echoing a similar petition by the CBI last week. Speaking ahead of George Osborne’s Autumn statement due in December, EEF’s Chief Executive Terry Scuoler said: “The Chancellor’s top priority must be action on business energy costs. […]

Chancellor ‘should focus on prices’ to keep Britain competitive

The Chancellor should focus on the cost of energy in his Autumn statement to safeguard the competitiveness of British businesses, according to CBI Director-General, John Cridland. In an open letter to George Osborne published today he said rising prices risked putting the UK at a disadvantage, particularly “following the implementation this year of the Carbon […]

The carbon tax is “exporting emissions”

Britain’s carbon tax is “exporting emissions” to the rest of Europe according to Sara Vaughan, E.ON’s Director of Strategy and Regulation. Speaking on the Building More panel at Energy Live 2013, Mrs Vaughan said the Carbon Price Floor is a “unilateral tax that has been introduced in the UK only and is disadvantaging industry.” She […]