Electricity: Taxation
2026-06-08 · Treasury · HL786 · Official question
Baroness Ritchie of Downpatrick
Question
To ask His Majesty's Government what assessment they have made of the impact of moving levies from electricity bills to general taxation on reducing inflation and lowering the Government’s borrowing costs.
Answer
At last year’s Budget, the Chancellor took the decision to fund 75% of the domestic share of the Renewables Obligation through the Exchequer and ended the levy-funded Energy Company Obligation. These decisions took on average £150 of costs off household e...