In his annual Budget today, Osborne laid out a plan tocap the cost of emitting carbon from fossil fuel-fired power stations in an ostensible sopto the country’s energy-intensive manufacturing sector, which benefits from cheap electricity.

The government claims that the move will in no way affect theamount of support available to renewables via the Levy ControlFramework, nor dent its “ambition to increase renewable generation” in theyears ahead.

RWE