The Government consulted in June 2007 on the price of allowances for the fixed price sales during the introductory phase of the Carbon Reduction Commitment. The Government response to the consultation, published in March 2008, stated that the Government are minded to take forward a fixed price for allowances of £12 per tonne of CO2 for the three-year introductory phase. The fixed price for allowances will be confirmed in the consultation on the Carbon Reduction Commitment regulations which we plan to publish next spring.