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Nuclear Levy

Volume 205: debated on Monday 9 March 1992

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To ask the Secretary of State for Energy what would be the cost of transferring the burden of the nuclear levy from industry to the Exchequer.

Fossil fuel levy receipts in 1990–91 were £1,175 million, of which an estimated £300 million derived from sales to industry. The terms of the Non-Fossil Fuel Obligation contracts ensure that the levy revenues needed to finance nuclear-sourced electricity will decline substantially, in real terms, by 1997–98.