U.K. to Pay $172 Million to Compensate for Carbon Price
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The U.K. government laid out rules for steelmakers and ceramics companies to claim as much as 113 million pounds ($172 million) in compensation for the extra power costs caused by the European carbon market.
Eligible companies classed as energy-intensive users will be able to apply starting June 3 for aid to cover electricity costs, the Department for Business, Innovation & Skills said today in an e-mailed statement.