Property Management News
Changes to Climate Change Levy (CCL)
The Climate Change Levy (CCL) is an environmental tax on a company's electricity and gas use.
Businesses that pay the standard rate of VAT (20%) are also charged the CCL, although there are exceptions. Those that meet the minimal use requirements and are charged the reduced rate of VAT (5%) don't pay the CCL.
• For electricity, this means using an average of less than 33 kWh per day (1,000 kWh per month)
• For gas, this means using an average of less than 145 kWh per day (4,397 kWh per month)
From 1st April 2019 the government is increasing the rate of CCL; from 0.583 pp kWh to 0.847 pp kWh for Electricity, and from 0.203 pp kWh to 0.339 ppkWh for Natural Gas.
This is an increase of 45% for electricity and 67% for gas. We wanted to make you aware of these changes so that you can plan your budgets accordingly.
With energy prices constantly on the rise this may seem like just more bad news. However, in reality the CCL charge makes up a very small percentage of your overall energy bill.
ESOS Phase 2: what do you need to know?
As ESOS Phase 2 is officially being initiated, it?s important to understand what ESOS is and how it helps the environment. As this scheme is mandatory for all organisations outside the public sector in the UK that meet the qualification criteria, it?s cruRead more
New energy legislation DCP 161 ? excess capacity charges
From 1st April 2018, Ofgem are introducing new legislation to ensure that half hourly (HH) supplies that exceed their assigned available capacity pay a penalty.Read more
Showing 6 of 171