Dan Jarvis – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Dan Jarvis on 2016-01-12.

To ask Mr Chancellor of the Exchequer, what assessment his Department has made of the effect of the Carbon Price Floor tax on energy intensive industries.

Damian Hinds

The government recognises that the increased cost of electricity in the UK, as a result of the Carbon Price Floor (CPF), has an impact on the competitiveness of energy intensive industries that operate in international markets. This is why the most energy intensive industries are compensated for up to 85% of the indirect costs of the Carbon Price Floor – this is greatest amount currently allowed under EU law.