Energy intensive industries asked for data to target £250 million in support

The government has asked for data from energy intensive users about how they expect to be affected by energy and climate policies that raise the cost of energy. The Department for Business, Innovation and Skills wants to decide how to spend £250 million set aside to stop those businesses moving to countries where energy is cheaper.

The government estimated that energy and climate change policies, such as the proposed Carbon Price Floor and Renewables Obligation, could increase energy prices paid by intensive users by up to 28 per cent in 2020. In response it offered £250 million of direct financial assistance, which it said will be targeted to the most energy-intensive businesses whose competitiveness may be affected. Now it wants companies and trade bodies to provide data about their usage so it can decide how to spend the money.

The call for evidence closes on 4 May, and government said it would consult in September on new proposals. The support programme would be implemented in Spring 2013 - subject to state aid rules.

Author: Paul Newton,
Channel: Markets & Trading , Policy & Regulation

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