Climate Change Levy

Climate Change Levy

 

The Government introduced the Climate Change Levy in April 2001. To business it means 0.43 pence is added to the cost per kW of electricity and 0.15 pence per kW to gas resulting in an increase of between 10% and 15% to energy bills. The initiative is designed to reduce greenhouse gas emissions but adds to the tax burden on commerce and industry.

 

The new tax will focus the attention of those in business on how they can reduce energy consumption. The application of high technology window film dramatically reduces levels of transmitted heat and. By virtue of filtering out more than 80% of this transmitted heat, solar control window film also reduces the need for energy driven forms of temperature control such as air-conditioning, fans and cooling systems.

Energy saved in this way can be significant.

 

Tests carried out even prior to the Climate Change Levy indicate a pay-back is quickly realisable with, for instance, the British Airports Authority calculating a return of its investment in 4.86 years.