During his first Autumn Statement, Chancellor Phillip Hammond is expected to give clarity to the path of the Carbon Price Floor beyond the end of the decade. Former Chancellor George Osbourne froze the UK’s unilateral carbon price at £18/tonne up until 2020.
It is hoped that the government will also use the statement to elaborate on its plans for the Levy Control Framework which is currently set to 2020-21.
It has been suggested over the past few days that additional interventions into the retail energy market could be unveiled. Which could mean an extension of the price cap set to be put in place for prepay customers or possibly the reintroduction of restrictions on the number of different tariffs suppliers can offer.