Business energy bills could rise by up to 20% from April 2019
In the Spring Budget 2016, the UK government announced its intention to abolish the Carbon Reduction Commitment Energy Efficiency Scheme (CRC) following the 2018/19 reporting period.
From 01 April 2019, the Streamlined Energy and Carbon Reporting framework will come into effect to replace the reporting requirements of CRC. There will also be an uplift in the Climate Change Levy (CCL) – an environmental tax for businesses charged through supplier invoices – in order to recover the revenue.
CCL will increase by 45% for electricity and 67% for gas. Analysts predict CCL paying businesses could see their energy bills rise by up to 20%.
As CCL is charged per kWh consumed, the only way to minimise or avoid this increase is to reduce your energy consumption through implementing an energy management strategy to identify, drive and maintain efficiencies.
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