Download the full outcome
Detail of outcome
During the consultation period, the Government received over 150 responses from energy suppliers, energy users, consultants, academics, trade groups and consumer representatives. Officials also held a stakeholder workshop at HM Treasury and met a wide range of interested organisations and individuals during the consultation period.
The Chancellor announced in the Budget 2011 the introduction of a carbon price floor from 1 April 2013. This is the first step to wider reform of the electricity market.
This set out the Government’s proposal to provide greater support and certainty to the price of carbon in the power sector to encourage investment in low-carbon electricity generation.