Friday, January 25, 2013

UK pig industry secures tax rebates to document energy savings


    New Climate Change Levy targets may save the UK pig industry an estimated £18.5 million over the next 10 years. The National Pig Association ,NPA, and the Farm Energy Centre have been working closely with the Department for Energy and Climate Change to set a 22.7 percent energy saving target for pig producers, which will run from 2014 until 2023.
    UK pig farmers who meet this target will be able to claim a discount on the Climate Change Levy of 90 percent on electricity and 65 percent on other eligible fuels. The Department for Energy and Climate Change had proposed a target of 31 percent but Farm Energy Centre and the NPA presented evidence that a lower target of 22.7 percent was more realistic of what producers could achieve by 2020. This change in percentage will mean the scheme will cost members £200,000 less to participate and will generate over £2.75 million in tax rebates. In addition, the reduced energy use by the sector will lead to a collective reduction in energy bills of over £15.5 million
    “We are pleased that the government has accepted our evidence and this has resulted in a realistic and achievable target that will help to motivate pig farmers to continue saving energy and money,” said Lizzie Press, regions manager of the NPA.

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