Clause 103 - Climate change levy
Finance Bill
12:00 pm
Mr Stephen Timms (Financial Secretary, HM Treasury; East Ham, Labour)
The clause makes three changes to the climate change levy provisions. First, gas supplied and consumed in Northern Ireland is exempted from the levy, which was announced in last year's Budget. Secondly, and not just in Northern Ireland, generators and exempt unlicensed electricity suppliers can claim relief on the proportion of their input fuel that they use to generate electricity, which is ultimately for an excluded or exempt use. Thirdly, the exemption for combined heat and power stations is extended to those stations operated by third parties, subject to the status of the station. Those are the three changes being made in the clause, and I am confident that the Committee will welcome them.