13th March 2012

The government has issued a call for evidence on the impact of the proposed Carbon Floor Price and the EU Emissions Trading System (ETS) on electricity intensive businesses.

Based on the responses, the government will decide which sectors are eligible for the £250 million that has been made available to compensate affected businesses. It is widely accepted across Whitehall that policies such as the Carbon Floor Price will increase electricity prices, and this will risk the international competitiveness of some sectors. Therefore, it is important than any business that believes it may be affected responds to the call for evidence to ensure its views are taken into account. The closing date for responses is 4th May. Publication of final guidance on compensation is expected in March 2013. For further information, please contact Tom Nolan from BCC who is acting as central liaison on this.

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