Electricity Generation: Taxation
Commons · Question 129732 · Tabled 24 Apr 2026 · Treasury · Official record
Answered 29 Apr 2026
Question
Asked by James McMurdock
To ask the Chancellor of the Exchequer, with reference to her Department’s press release entitled Decisive action to break influence of gas on electricity prices, published on 21 April 2026, what assessment her has made of the potential impact of the (a)
Answer
Answered by Dan Tomlinson, 29 Apr 2026
The government does not expect the increase in the Electricity Generator Levy (EGL) rate from 1 July to increase bills for consumers. The EGL applies only to existing, older renewable generators when wholesale prices are above a benchmark price of £82.61 ...