I'm guessing this is because of the Climate Change Levy and EU ETS
Kinda extraordinary recommendation at end of Helm review - industry shouldn’t have to pay cost of renewable energy subsidiespic.twitter.com/PIydzhEbwA
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In intro he describes legacy costs as FITs, CFDs etc
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That's fine if industry also doesn't benefit from any of the cost reductions those subsidies delivered on offshore wind etc.
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Or benefit directly from receiving those subsidies.
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In some ways quite sensible. Economics says recover sunk costs from the least price sensitive. This in line with Ramsey pricing.
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Similar approach in Europe. Industrial consumers are more footloose so more economic cost from charging them
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I've now read the whole thing and can't understand his rationale for exempting industry
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