IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: No inception date

Production subsidy

The project proposed by the UK's government in March 2017 offers British businesses in energy-intensive industries energy cost reductions worth up to 100 million GBP per year. The scheme would benefit circa 130 firms located in the steel, cement, glass, and chemical industries.

The energy costs refer to a reduction of the costs incurred due to the Contracts for Difference scheme, "designed to encourage investment in low-carbon energy generation". Contracts for Difference are private law contracts between a low carbon electricity generator and the Low Carbon Contracts Company (LCCC), a government-owned company.

This scheme follows a compensation scheme for energy-intensive companies announced in 2014 (cf. Related State acts).

The intervention has not yet been implemented.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

341 Basic organic chemicals
342 Basic inorganic chemicals n.e.c.
345 Miscellaneous basic chemical products
371 Glass & glass products
374 Plaster, lime & cement
411 Basic iron & steel

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