Energy-intensive firms to receive tax breaks - 29/11/2011
Heavy business energy users that are seeking cheap electricity may be able to benefit from new incentives to cut their bills that are set to be announced today (November 29th).
As part of his autumn statement, chancellor George Osborne will confirm some of the countries most energy-intensive companies are to be offered compensation measures worth up to £250 million to offset extra green taxes, the Financial Times reports.
It will assist enterprises that may otherwise be badly hit by EU emissions trading schemes and the proposed carbon floor price.
While the move was welcomed by the Confederation of British Industry and manufacturers' association EEF, Greenpeace criticised the plans as undermining the government's pledge to promote environmentally-friendly practices.
Last week, energy and climate change secretary Chris Huhne told parliament a range of schemes to boost the efficiency of domestic energy use could result in medium-sized firms seeing their gas and electricity bills increase by one-fifth by 2020.
Over the last few years, our customers have saved up to £1,645 a year. Contact us today on 0800 970 26 26 to find how much you can save.
Share this story with your colleagues:-
Save up to £300 on your gas & electricity bills at energyhelpline.com
Compare prices from all energy suppliers to find your best deal