The UK government’s energy white paper was released at the end of 2020. The 170 page document outlined some very progressive and ambitious plans to meet the UKs targets, minimise the country’s impact on the environment and reduce its energy consumption across buildings, transport and industry.
As we begin 2022, many of us are still processing the events of 2020, let alone 2021. From an industry perspective, the current energy crisis has added fuel to the fire. Amongst our usual round ups for the year ahead, we explore what the impact of these price increases mean in financial terms, take a look at the new Green Gas Levy and provide a summary of consultations, notices, policies and upcoming legislation that may affect your business.
The CRC Energy Efficiency Scheme (Revocation and Savings) Order 2018 came into force on 1st October 2018. The final compliance year for participants in CRC was 2018 to 2019.
Climate Change Levy (CCL) was introduced in 2001 under the Finance Act 2001 for non-domestic organisations. It is one of the longest running energy based policies to date. CCL was initially offset by a reduction in National Insurance contributions for businesses and was launched to encourage them to operate in a more environmentally friendly way. The levy is applied to electricity, gas, liquid petroleum gas (LPG) and solid fuels. However, exemptions for supplies from certain energy sources apply.