On Monday this week the Financial Times ran a story entitled: “UK climate pledge faces stiff test amid carbon tax drive”. The article highlights a letter which SSE, along with others in the energy industry, sent to the Chancellor of the Exchequer, Phillip Hammond, ahead of the Autumn Statement.
The letter’s signatories – who own and operate coal, gas and renewable electricity generation – believe putting a price on carbon emissions, through the UK’s Carbon Price Floor, is a critical part of the UK’s energy policy. We believe it is one of the most important policy tools the government has to help industry continue to deliver reliable and lower carbon electricity cost-effectively.
Read our blog response from our Head of Wholesale Policy, Pavel Miller highlighting our view on the impacts and benefits of the Carbon Price Floor, including likely improvements to competition in the electricity markets and risk reduction for investors.
Read our blog
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