Haven Power

CCA buy-out price to rise

CCA buy-out price to rise


BEIS has confirmed that it is to increase the buy-out price for Target Periods (TPs) 3 and 4 of the Climate Change Agreements (CCA) scheme. In a consultation response issued on Friday 9 December, the department said that the buy-out price would be increased broadly in line with the Retail Price Index to £14t/CO2e for TPs 3 and 4 so as to restore its value in real terms and to strike a balance between providing a strong incentive to abate emissions and to limit the financial impact on participants. The buy-out price has been set, since 2012, at £12t/CO2e, and many participants had warned the government against increasing it in the current economic climate.

BEIS