§ Mr. StunellTo ask the Chancellor of the Exchequer what the forecast is for(a) the total charges made under the climate change levy and (b) the amount within this total which is attributable to sales of (i) electricity and (ii) electricity from nuclear sources. [8873]
§ Mr. BoatengClimate change levy is forecast to raise £1 billion in its first year, 68 per cent. of which is expected to come from supplies of electricity. 23 per cent. of electricity production is nuclear.
All CCL revenue will be recycled to business. The levy is designed to be revenue neutral for the private sector as a whole, and is expected to be broadly neutral between the manufacturing and service sectors. CCL revenue is funding a 0.3 per cent. cut in the employers' rate of National Insurance contributions, and £150 million of additional support for energy efficient measures.