'Not fit for purpose': Hydropower industry warns of 'chilling effect' of soaring business rates

James Murray
clock • 8 min read
The Rannoch dam hydro scheme | Credit: Ardtornish Hydro
Image:

The Rannoch dam hydro scheme | Credit: Ardtornish Hydro

EXCLUSIVE: Changes to business rate valuations have drastically increased costs for renewables developers and left many in fear that further hefty bills could be on the way

The British hydropower industry is being hamstrung by changes to business rates valuations which have lumbered some leading developers with crippling tax bills that have led directly to redundancies and...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Taxation

Heat batteries can play a key role in decarbonising homes - but they need Treasury support

Heat batteries can play a key role in decarbonising homes - but they need Treasury support

Extending VAT relief to include heat batteries is crucial if this technology is to reach the households that need it most and help the UK meet its decarbonisation goals, writes former DESNZ Minister Lord Callanan

Lord Callanan
clock 17 October 2025 • 3 min read
Reports: Rachel Reeves mulls plans to cut VAT on energy bills

Reports: Rachel Reeves mulls plans to cut VAT on energy bills

Chancellor said to be considering a range of policy interventions to curb energy bills and help ease cost of living pressures

James Murray
clock 15 September 2025 • 5 min read
'Electricity prices must come down': Chancellor urged to back reforms that could save households £370 a year

'Electricity prices must come down': Chancellor urged to back reforms that could save households £370 a year

Coalition of businesses, investors, and climate groups call on Rachel Reeves to move the cost of legacy renewables schemes into general taxation

James Murray
clock 15 May 2025 • 5 min read