Energy intensive businesses will receive assistance to offset the cost of energy policy on their electricity bills under plans published late yesterday by Business and Energy Minister Michael Fallon.
Proposals to exempt the most electricity intensive industries from a proportion of the costs of Contracts for Difference will be subject to consultation. The move will “level the playing field” so that British businesses are not made uncompetitive due to the costs of this policy. Contracts for Difference have been introduced to support investment in…
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