The UK Government has committed to axing a tax on electricity used in electrolytic hydrogen production in an attempt to lower the costs of the energy carrier.
Alongside the Chancellor’s Spring statement today (March 26), the Treasury said the government would work to remove the Climate Change Levy (CCL) costs from electricity used in electrolysis.
The CCL is an energy tax on commercial users to encourage businesses to become more energy-efficient and cut carbon emissions. Currently, the electricity CCL is charged at £0.00775/kWh.
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