Changes to the Climate Change Levy 2017
April 1st will see the Climate Change Levy begin its hike from £0.00559 per kWh to eventually hitting £0.00847 per kWh, a 50-74% increase by 2019.
For the UK to meet greenhouse gas emission commitments the 2017 budget will see the CCL rise to £0.00568 per kWh, a rate of only a few percent trending for the next couple of years, but will hit businesses hard in 2019 with an increase of at least 50%.
The Climate Change Levy (CCL) is a government tax on energy for business customers. It is levied from businesses final energy usage bills and is meant as an incentive to reduce energy use for the country with the money collected reinvested into renewable energy schemes.
It applies to all UK businesses with some exceptions:
- Energy intensive sectors (covered by the Integrated Pollution and Prevention Control Directive) will receive discounts of up to 80%
- Horticultural producers using energy for specific growing or sterilisation purposes will receive discounts of 50%
- Domestic, residential and registered charity users are exempt
- Good quality combined heat and power (CHP) and renewable generation is exempt (except for large-scale hydro generation)
- There are also exemptions for some processes that use energy, but not as fuel
For more information visit www.coronaenergy.co.uk/business-utilities/the-climate-change-levy/