DECC approves renewables cost exemptions for high-carbon industries

Proposals to exempt energy-intensive businesses from renewable electricity costs are to be implemented. But baselines and assumed electricity costs will change

DECC has approved sweeping exemptions from the cost of renewable subsidies for energy-intensive industries and the electricity suppliers serving them.

The changes will mean high-carbon companies bear a lower burden of the costs of implementing feed-in tariffs (FITs) and the new contracts for difference (CfD) regime.

CfDs, which offer guaranteed minimum payments to low-carbon energy suppliers, are based on long-term contracts managed through a state-owned firm called the CfD Counterparty Company.

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