"UK manufacturers have told us that climate change legislation is generally seen as a valuable incentive for carbon reduction. But, the widening gap between the price of carbon in the UK compared to costs for European competitors isn't going down well with UK-based businesses. While the rest of Europe pays the market rate as determined by the EU's Emissions Trading Scheme (ETS)-currently trading less than €4/tonne of carbon-UK electricity consumers are now paying an extra £4.94/tonne in carbon price support tax from 1 April 2013, when the government introduced its unilateral Carbon Price Floor (CPF) scheme. As this is a tax on electricity generation, it equates to just under half a tonne-or around £2/megawatt hour.
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