Announcement re Climate Change Levy (CCL)
On 8th July 2015 the Chancellor of the Exchequer announced that renewable electricity supplied after the 1st August 2015 would be subject to the Climate Change Levy (CCL) tax regardless of generation type.
As a consequence, renewable electricity supplied by Haven will be subject to CCL from 1st August 2015. The CCL tax rate currently stands at 0.554p/kWh – a tax that Haven customers choosing renewable electricity have, up until now, been exempt from.
In the light of the Chancellor’s decision, and as a customer orientated business, we have decided to take the following action:
· Existing SME customers on half-hourly and non-half-hourly contracts will be unaffected by this change. Haven will absorb the additional costs on behalf of its SME customers. We recognise the pressure that small businesses are currently under and are doing all we can to reduce the impact on them.
· Supplies of renewable electricity for I&C customers will be subject to CCL from 1st August 2015. We will continue to supply renewable electricity under existing I&C customer contracts for their remaining duration. We expect to make a small reduction to the relevant rates in these contracts which will bring them into line with our current Renewable Biomass Electricity offering. This is fully backed by Renewable Energy Guarantees of Origin (REGOs) so our customers can be sure that they are continuing to contribute towards the decarbonisation of the UK.
Whilst we understand tax increases are unpalatable we hope our efforts to lessen the impact of these changes and offer Biomass Renewable Electricity at a competitive price shows our continued commitment to our customers.
More information about Haven’s REGO backed renewable energy from biomass can be found here.