LEC price for 2015-16 announced by HMRC

Posted on 5 November 2014

hmrc-logo-370x229HM Revenue and Customs have announced new rates for the Climate Change Levy (CCL), which will come into effect on 1 April 2015. 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 2015 – 31 March 2016 the CCL/LEC price will be set at £5.54/MWh.

Please see here for Greenspan’s post on the recent Government announcement on the CCL.