Businesses who buy renewable energy will have to pay Climate Change Levy (CCL) on their bills.
That’s according to Dave Cockshott, Chief Commercial Officer speaking at the More Than Y Report from Inenco.
The CCL is a tax on UK business energy use, charged at the time of supply.
He said because of the recent axing of the CCL exemption for renewable electricity, consumers will pay more for green energy.
However he said for those buying on an “all-inclusive fully rolled-up price it probably won’t make a difference”. Also, for those buying “normal brown power” there will be no change either.
Mr Cockshott added: “Now the Tories are in power they no longer want to be seen as the greenest party at all costs.
“So there’s a move back from some of the subsidies and support for renewable energy. Specifically they are taking a review of all of the levies that are imposed so Renewables Obligation Certificates (ROCs). Some technologies won’t get the support from ROCs anymore.
“Renewable energy in itself won’t be CCL exempt either. But they are looking to simplify and review CRC [Carbon Reduction Commitment] and CCL and also simplify the whole reporting arrangements around energy and energy consumption.”
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