Energy taxes for energy intensive industries in the UK are significantly higher than in other countries, putting UK manufacturers at a competitive disadvantage, according to a government report.
The Department for Business, Innovation and Skills (BIS) commissioned report predicts that by 2020 UK firms will have to pay an extra £28.30 in green taxes on top of the market price they pay for every megawatt hour of electricity and was carried out by consultants ICF International. This is almost double the forecasted price for companies…
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