General · 18 April 2026
UK Households Could Get Energy Bill Shield Under New Tax Plan
UK household energy bills could see protection as the government aims to raise more funds from a special tax on electricity firms. Rachel Reeves plans to hike the windfall levy, first brought in during 2022, which targets the extra profits of firms making low-carbon electricity. These older projects, built before 2017, currently face a 45% tax rate on electricity sold above £75 per megawatt hour.
Reported by The Guardian · How we write briefs