The UK Government has proposed its long-term funding mechanism for clean hydrogen projects, raising questions about how the costs of decarbonisation will be shared across households, businesses and the wider energy sector.
The government today (January 16) opened a 12-week consultation for the Gas Shipper Obligation (GSO) that would be used to fund its so-called hydrogen levy.
As passed in October 2023, “gas shippers” – which are defined as a company that buys gas from producers, trades gas on wholesale markets and sells it to gas suppliers – would bear the brunt of the hydrogen levy to fund market ramp-up.
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