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Taxation: Energy

Treasury written question – answered on 12th December 2011.

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Photo of Alun Cairns Alun Cairns Conservative, Vale of Glamorgan

To ask the Chancellor of the Exchequer what assessment he has made of the effect of the proposed carbon floor price on energy intensive industries which depend on combined heat and power plants.

Photo of Chloe Smith Chloe Smith The Economic Secretary to the Treasury

An assessment of the impacts of the carbon price floor is given in HMRC's Tax Information and Impact Note published alongside the Budget. This is available online at:

http://www.hmrc.gov.uk/budget2011/tiin6111.pdf

The Department for Energy and Climate Change has carried out an assessment of the impact of all Government policies on energy bills for energy-intensive industries, published on 23 November, available at:

http://www.decc.gov.uk/en/content/cms/meeting_energy/aes/impacts/impacts.aspx

The Chancellor of the Exchequer announced at the autumn statement on 29 November 2011, Hansard, columns 799-810, a package of measures to reduce the transitional impacts of energy and climate change policies on the costs of electricity for the most energy-intensive industries. The Department for Business, Innovation and Skills will assess the impacts of the package as the details are developed.

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