Chancellor defers key energy decisions
The government’s Autumn Statement failed to deliver the significant energy policy announcements that had been widely expected. Chancellor Phillip Hammond confirmed that Carbon Price Support would, as earlier announced by his predecessor George Osborne, be capped at £18/ tonne, uprating this with inflation in 2020-21. The government would, he said, “continue to consider the appropriate mechanism for determining the carbon price in the 2020s”. Similarly, a decision on the Levy Control Framework beyond the end of the decade will not be made until next year. Hammond also said that the government remained ready to intervene in markets that were not functioning effectively for consumers, and would publish a Green Paper on the issue next spring.