Energy industry seeks Levy Control Framework transparency
The government has been urged to review the Levy Control Framework (LCF) so that it can serve as a “reliable budgeting tool” that aids investment decisions. The call came in a report, published on Tuesday 23 February by Energy UK, which summarised findings from interviews conducted with stakeholders in the sector. It said that, while the LCF could provide investment signals to the market, there was at present no forward view on which to base investment. The report recommended that the government set out, as soon as possible, the LCF budget post-2020, and that a full breakdown of spending under the mechanism be published on a quarterly basis.