Energy: Taxation
The question
To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of the (i) UK Emissions Trading Scheme, (ii) Carbon Price Support mechanism, (iii) Renewable Obligation, (iv) Zero Emission Vehicle mandate and (v) wider Net Zero regulatory framework on (a) industrial electricity prices, (b) domestic energy bills, (c) manufacturing output and (d) the international competitiveness of UK industry; and whether she has considered (A) repealing and (B) amending those measures.
Answered by Lucy Rigby
Measures including the UK Emissions Trading Scheme, Carbon Price Support, the Renewables Obligation, and the Zero Emission Vehicle mandate contribute to reducing emissions, improving energy security and supporting investment in cleaner technologies.
We keep all taxes and wider policy measures under review, and are taking action through schemes such as the British Industrial Competitiveness Scheme, the British Industry Supercharger and the EII Compensation scheme to reduce industrial electricity costs and support business competitiveness. Carbon Price Support will also be removed from April 2028.
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