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United Kingdom: Power groups get carbon billions
Source: Posted: 06-02-2007 at 09:00:18
| Sunday Times: BRITAIN'S power generators have made £2 billion in windfall profits by passing on charges to customers under a scheme which was introduced to combat climate change. They are charging customers for the notional cost of carbon credits – the right to emit greenhouse gases – even though the credits were given to them for free under the Europe-wide scheme. Critics are now accusing the electricity companies of unfairly exploiting customers. Steve Smith, managing director of markets ... |
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