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Alfed president warns of costs
Edited by : AL CIRCLE
1 min read
UK Alfed president Colin Davies warned of the impact of energy costs during his speech at a Parliamentary lunch.
He told the Alfed annual lunch at the House of Lords, London, UK that in a recent budget, the government introduced a Climate Change Levy rebate for electricity and gas which would be reduced from 80% to 65%, as from 1 April 2011.
“That decision is now costing our industry millions of pounds in additional costs,” Mr Davies said. He welcomed an announcement that as from 1 April 2013, the maximum rebate for electricity will return to 80%, but gas will remain at 65%.
Ministers need to be aware that these are costs that the primary aluminium sector cannot pass-through, Mr Davies said.
“That is why our primary aluminium sector strongly advocates a switch to low carbon energy, which could best be achieved by the Government providing adequate support under the Renewables Obligations, especially for dedicated biomass plants.”
He told the Alfed annual lunch at the House of Lords, London, UK that in a recent budget, the government introduced a Climate Change Levy rebate for electricity and gas which would be reduced from 80% to 65%, as from 1 April 2011.
“That decision is now costing our industry millions of pounds in additional costs,” Mr Davies said. He welcomed an announcement that as from 1 April 2013, the maximum rebate for electricity will return to 80%, but gas will remain at 65%.
Ministers need to be aware that these are costs that the primary aluminium sector cannot pass-through, Mr Davies said.
“That is why our primary aluminium sector strongly advocates a switch to low carbon energy, which could best be achieved by the Government providing adequate support under the Renewables Obligations, especially for dedicated biomass plants.”
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