| The UK’s Labour Party is the most likely major political party to banish the country’s controversial carbon tax on power generators if its wins the forthcoming general election on 7 May, according to a leading UK energy policy expert.
Wholesale power prices for affected delivery periods jumped when the policy was announced. Consequently its repeal would see an immediate tanking of the market as power generation costs for fossil-fuelled producers plummeted. The carbon price floor (CPF), which puts in place a set penalty for carbon emissions from power producers, was introduced by the government to boost investment in low-carbon power generation such as renewables and nuclear...............................................Full Article: Source |