As we stated in our Energy in 2018 newsletter that we sent out at the beginning of the year: “Energy costs will continue to rise, so it is important now more than ever to put energy in your financial concerns for 2018 and beyond. We cannot stress this enough, especially with Climate Change Levy (CCL) rates on the increase.”
The Autumn Budget 2017 has announced that the government will set Climate Change Levy (CCL) main rates for the years 2020/2021 and 2021/2022 at the Budget in 2018, with the exception of the rate for Liquefied Petroleum Gas (LPG) which will be frozen at the 2019/2020 level.
With the scrapping of the Carbon Reduction Commitment (CRC), the Government has decided to offset the loss in revenue to the Exchequer by increasing the rates of CCL with effect from the 1st April 2019. Below is a table that shows the current rates and the promulgated increases for the coming years:
After announcing their intention to remove CCL exemption for electricity from renewable sources earlier this year, the government are now being challenged with legal action.