BEIS progresses CfD cost exemption for energy intensives
The government has laid in Parliament regulations that will exempt certain energy intensive firms from a proportion of the costs of the contracts for difference (CfD) scheme. BEIS consulted last July on its plans to implement the exemption. The department said that it expected the measures to benefit over 130 companies and to save heavy electricity users, such as steel and chemical firms, around £100mn/ year in energy costs. It is also continuing to discuss, with the European Commission, its proposals for exempting energy intensives from the indirect costs of the Renewables Obligation and feed-in tariff schemes. Energy Minister Jesse Norman said the government wanted the UK to be one of the best places to grow a business.