Summer Budget
The UK anaerobic digestion (AD) industry now has a capacity of more than 500MW. That’s according to data published by the Anaerobic Digestion and Bioresources Association (ADBA). AD is the process of converting waste to produce green energy. The new total is 514MW for 411 plants in the farming, waste and water sectors. ADBA’s Chief Executive, Charlotte Morton, […]
While some of the proposals in last week’s Summer Budget will be welcome news to businesses – a consultation on simplifying business energy efficiency taxes will be music to many ears – others were more concerning. The imminent removal of the Climate Change Levy (CCL) exemption for renewable electricity has taken both generators and businesses […]
The Summer Budget for energy has been slated as “disappointing” and “short-termist”. That’s according to Fuel Poverty Action Co-ordinator Clare Welton. She told ELN: “I think the budget is generally – from our prospective – not a great budget for energy. “What we are seeing is cuts for renewable energy and increased support for the old […]
The Summer Budget, which was announced yesterday, will cost the anaerobic digestion (AD) sector £11 million. That’s according to the Anaerobic Digestion and Bioresources Association (ADBA), which claims the Climate Change Levy (CCL) exemption for renewables will reduce revenue by around £5/MWh. For the 2.2TWh of electricity generated by the AD industry, it will cost […]
The most important element of the budget is the removal of the Climate Change Levy (CCL) exemption for renewable electricity. That’s according to Renewable Energy Foundation Director John Constable. His comment follows Chancellor George Osborne’s Summer Budget announcement earlier today. Mr Constable told ELN it will benefit the Treasury by “several hundred million pounds a […]
Chancellor George Osborne has announced a change in the structure of tax on new cars from 2017. All new cars will be classed in one of three new bands: zero-emission, standard and premium. Tax will then be paid accordingly with no special rate for the first year. Around three-quarters of all new cars currently […]