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Energy industry seeks clarity on Carbon Price Floor

Energy industry seeks clarity on Carbon Price Floor


Chancellor Phillip Hammond must use this month’s Autumn Statement to clarify the future of the Carbon Price Floor (CPF), Energy UK has said. The industry association wrote to Hammond ahead of the statement, saying that the CPF had served to compensate for the weak carbon price signals from the EU Emissions Trading Scheme, and that investors needed certainty over its role beyond 2020. The letter said: “While the continuation of the Carbon Price Floor needs to account for the impact on power traded through interconnectors and those adversely affected by CPF, clarity on this key element of domestic UK energy policy would be a strong signal for investors and a strong commitment to our low-carbon future.”

Energy UK