Gas bills are projected to rise by around £1,000 to pay for wind power under official plans currently being considered by the Energy Secretary. Claire Coutinho received a report earlier this year that suggested moving some or all green levies from household electricity bills to gas bills, or shifting them into general taxation. A new analysis by Cadent, a gas …
Claire Coutinho is considering removing £4bn of green levies from household electricity bills, amid warnings they are making heat pumps and electric cars more costly. The suggested changes have been put forward amid concerns that the weight of green levies on electricity bills are holding back progress on net zero. Green levies – also known as “policy costs” – fund …
Critics say state interventions adopted by the Tories have prevented the energy market from operating competitively, driving up costs even before the recent rise in wholesale prices. The problems date back to 2008, when the Labour government imposed a series of green levies on households through their energy bills using the Climate Change Act, the brainchild of Mr Miliband. David …
The Bank of England is also expected to announce an increase in interest rates on Thursday, potentially from 0.25 per cent to 0.5 per cent - further squeezing families with mortgages. For weeks, MPs have been calling on Mr Sunak to cut the 12 per cent of energy bills that goes towards funding green energy programmes, known as “green levies”. …
