Two of Britain’s biggest energy companies have called on Philip Hammond to strengthen a carbon tax that has driven a dramatic collapse in coal power generation, arguing it is essential for the shift to cleaner energy. SSE, the UK’s second largest energy supplier, and Drax, which runs the country’s biggest power station in North Yorkshire, urged the chancellor to use his autumn budget to shed light on the tax’s fate into the 2020s. The government said last year that the level of the carbon price floor – the minimum price for greenhouse gases emitted by power generators – would be frozen until 2020, but disappointed those who had expected long-term plans to be laid out.
Edie 23rd Oct 2017 read more »
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