Monday, 13 December 2010

Carbon tax and energy price hike to create 'perfect storm'

Businesses are facing a "perfect storm" from 2012 when they will be hit by a
doubling in their energy bills at the same time as the UK government's
controversial "carbon tax".
Carbon Masters, a spin-out company from the University of Edinburgh, has
calculated that most UK firms will be see their gas and electricity bills
soar by 100 per cent between 2012 and 2016 while they will also be saddled
with a carbon tax bill of at least £42,000 under the government's Carbon
Reduction Commitment (CRC) energy efficiency scheme.

Kevin Houston, chief executive of Carbon Masters, believes most companies
are completely unprepared for the enormous jump in their energy costs from
2012 onwards.

The CRC scheme was set out by the previous Labour government in order to
encourage large and medium-sized firms which use at least 6,000 megawatts a
year to improve their energy efficiency

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