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Britain to scrap carbon tax on electricity generation as pressure mounts on bills
Analysts at Bernstein said ending the levy could cut wholesale power costs by about 7 pounds per megawatt hour and save households around 21 pounds a year.
Summary
4 Articles
4 Articles
Labour scraps ‘not fit for purpose’ carbon tax on electricity generation amid soaring bills
A carbon tax on electricity generated from fossil fuels is “not fit for purpose” and will be axed, the Government has announced.The Carbon Price Support (CPS) levy was introduced in 2013 to help drive coal-fired power off the grid.But, as energy prices soar, the Government has announced it will be scrapped in 2028. A second carbon tax on industry –the UK Emissions Trading Scheme (ETS) – remains. The CPS, which is charged at £18 per tonne of carb…
·London, United Kingdom
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Coverage Details
Total News Sources4
Leaning Left0Leaning Right2Center2Last UpdatedBias Distribution50% Center, 50% Right
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
50% Right
C 50%
R 50%
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