LEC meaning in oil and gas
Definition
Levy Exempt Certificate
LEC means Levy Exempt Certificate. A levy payable in the UK on "brown power", i.e. electricity generated from non-renewable resources. Current rate is £4.30/MWh and is only payable by commercial and industrial power…
A levy payable in the UK on "brown power", i.e. electricity generated from non-renewable resources. Current rate is £4.30/MWh and is only payable by commercial and industrial power users.
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