LEC price for 2014-15 announced by HMRC

Posted on 11 March 2014

Wind turbineHM Revenue and Customs have announced new rates for the Climate Change Levy (CCL), which will come into effect on 1 April 2014. CCL is designed to encourage businesses to put more emphasis on energy efficiency.

CCL also encourages renewable energy generation as eligible generators receive a Levy Exemption Certificate (LEC) for every MWh exported to the national grid. LEC’s can then be traded with licensed suppliers via Ofgem.

From 1 April 2014 – 31 March 2015 the CCL/LEC price will be set at £5.41/MWh.