Climate Change Levy

Treasury written question – answered on 30th April 2002.

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Photo of Ms Sue Doughty Ms Sue Doughty Liberal Democrat, Guildford

To ask the Chancellor of the Exchequer

(1) what the total cost to the Treasury will be (a) at the outset of its introduction and (b) projected in the next three years from the exemption from the Climate Change Levy of electricity from electricity from coal mine methane sold via licensed electricity suppliers;

(2) what the total cost to the Treasury will be (a) at the outset of its introduction and (b) projected in the next three years from the exemption from the Climate Change Levy of electricity from combined heat and power plants sold via licensed electricity suppliers;

(3) what the total cost to the Treasury will be (a) at the outset of its introduction and (b) projected in the next three years of the freeze in the rate of the Climate Change Levy announced in the Budget; whether this freeze is in real terms; and if he will make a statement.

Photo of Mr Paul Boateng Mr Paul Boateng Financial Secretary, HM Treasury, The Financial Secretary to the Treasury

The costs of the freeze in rates of the Climate Change Levy, the exemption of electricity from combined heat and power plants, and the exemption of electricity from coal mine methane sold via licensed electricity suppliers are set out on pages 155 and 167 of the Financial Statement and Budget Report (FSBR) 2002.

The freeze in rates is in nominal terms and therefore represents a real terms cut.

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