Blog post -

Climate Change Levy (CCL) main rates for 2014 / 2015

The new rates for the Climate Change Levy (CCL) - which will be active from the 1st of April 2014 - have been announced by the UK government. All the rates have been increased but the discounts available to certain energy-intensive sectors, and exemptions for certain kinds of power, will continue to exist.

Electricity

On the 1st of April CCL rates for electricity will increase by 3.24%. The new rates for 2014/15 will be 0.541 p/kWh, up from 0.524 p/kWh.

Gas

From the 1st of April CCL rates for gas will increase by 3.3%, with the new 2014 rate being 0.188 p/kWh. However any gas which is petroleum gas (or other gaseous hydrocarbon) supplied in a liquid state will instead see a 3.2% increase in rates, with the new rate being 1.21 p/kg.

Other taxable commodities

Other taxable commodities, such as coal, will increase by 3.2% to the new rate of 1.476 p/kg come the 1st of April 2014.

Discounts

As mentioned, the current discounts and exemptions will still apply. There are some industries which have been identified as energy-intensive, and organisations within them can receive a discount if they enter into a climate change agreement (CCA) with the Environment Agency (EA). There has been no announcement indicating that the percentage for the reduced rate has changed. Electricity that is created from renewable sources has an exemption from the CCL.

This blog was originally posted on the Business Cost Consultants website: http://www.businesscostconsultants.co.uk/climate-change-levy-ccl-main-rates-for-2014-2015/

Topics

  • Environment, Energy

Categories

  • climate change levy
  • business energy
  • ccl

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