What the Summer Budget means for Green energy Production
EC-News2023-03-21T13:34:02+01:00Green Energy Production The Summer Budget set out by the Chancellor of the Exchequer, George Osbourne, just three weeks ago is likely to have a radical effect on energy producers across the country, none more so than those looking to supply renewable power. The Chancellor has announced that renewable energy generators will no longer be exempt from the Climate Change Levy (CCL), removing a subsidy payment to renewables that equates to more than £5 for every unit of energy. It is estimated that this benefit is currently worth around £450m to renewable energy producers and that by 2021 they will be [...]