BPF Climate Change Agreement Receives Royal Assent

On 22nd July 2009 Royal Assent was given to the Finance Act 2009 which contains the clause enabling the British Plastics Federation (BPF) Climate Change Agreement (CCA) to come into force.

BPF Director General, Peter Davis says "This is a significant step forward for the BPF's CCA and we now seriously urge all eligible companies to begin the registration process as soon as possible so as to ensure they start saving from the earliest possible opportunity".

The BPF CCA has the potential to save the UK plastics industry over £50 million per annum in climate change levy payments until the year 2017. Companies with a qualifying site can obtain a discount of up to 80% on the Climate Change Levy (CCL) they pay on electricity and LPG.

If companies start the application process now they may benefit from the discount from 1st October 2009. The absolute cut-off for DECC accepting completed CCA Applications for the current scheme year is 31 October 2009 and if companies miss this deadline then the next entry point to the scheme will be 1 April 2011.

To find out more information on CCA eligibility or begin the registration process please visit www.bpfenergy.co.uk

ENDS

For further information on this press release, please contact Anthony Roberts, British Plastics Federation, 6 Bath Place, Rivington Street, London, EC2A 3JE, tel 020 7457 5043, fax 020 7457 5045, email: [email protected]

Notes for editors:

1) British Plastics Federation (BPF) is the UK trade association for the plastics industry - representing the whole supply chain including polymer producers, distributors, additives suppliers, machinery manufacturers, processors and recyclers.
2) BPF Energy administers the Climate Change Agreement for plastics processors on behalf of the BPF and is supported by Inenco.