Business: Compensation
(asked on 20th January 2016) - View Source
Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Innovation and Skills, how many businesses were compensated for the indirect costs of the (a) EU Emissions Trading System and (b) carbon price floor; what the average award per eligible business was; and what the total monetary value of such compensation was in (i) 2013-14, (ii) 2014-15 and (iii) 2015-16 to date.
Since the compensation schemes for indirect costs of the EU Emissions Trading System (EU ETS) and the Carbon Price Support (CPS) mechanism began, the total number of businesses compensated is 60 and 58 respectively. The table below sets out the amounts of compensation paid from 2013 to 2015 in calendar years. CPS compensation payments began in 2014. The average award per business over that period can be calculated from the table.
2013 | 2014 | 2015 (to 21 January 2016)* | TOTAL | |
(£) | (£) | (£) | ||
EU ETS | 31,707,192.00 | 19,632,228.00 | 18,130,331.00 | 69,469,751.00 |
CPS | 33,247,349.00 | 44,811,626.00 | 78,058,975.00 | |
TOTAL | 31,707,192.00 | 52,879,577.00 | 62,941,957.00 | 147,528,726.00 |
(* Claimants have until 31 March 2016 to submit Quarter 4 2015 applications).