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Call from Eon UK chief to scrap the carbon floor price

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Speaking at the Future of Utilities conference in London yesterday, the UK chief of Eon Tony Cocker said that the carbon floor price should be scrapped, likening it to the poll tax on energy consumers.

“[The carbon floor price] was put in place with the stated objective of encouraging investment in low carbon energy. It certainly doesn’t achieve this objective, and it is just a tax for the Exchequer, a subsidy for old nuclear, and an encouragement for energy imports. So, it gives no value to energy customers. In fact, it takes value from them.” he said.

Cocker added: “We believe it should simply be scrapped.” Otherwise, he said, the money it raises should be ringfenced for energy efficiency measures.

The floor price comes into play on 1st April 2013.

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