Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Claire Coutinho Mulls Overhaul of Green Levies on Electricity Bills

by April 2, 2024
April 2, 2024
Claire Coutinho Mulls Overhaul of Green Levies on Electricity Bills

Claire Coutinho, the Energy Secretary, is exploring the possibility of removing £4 billion of green levies from household electricity bills, considering options such as transferring some or all of these charges to gas bills or funding them through general taxation.

The move comes amid concerns that these levies are hindering the adoption of technologies like heat pumps and electric cars, crucial for achieving net-zero emissions by 2050.

Currently, green levies contribute around £142 to the average electricity bill, compared to just £46 for gas bills, primarily due to charges associated with renewable energy schemes and bill support for low-income households. While shifting these charges away from electricity bills could incentivize the uptake of eco-friendly technologies, it may pose challenges such as increased energy costs for gas-connected households and potential exacerbation of fuel poverty.

Energy industry stakeholders, including major companies like Centrica, E.On, and EDF, support the move, arguing that the current setup creates disincentives for customers to embrace green alternatives. However, the proposal may face opposition, given concerns about the impact on gas consumers and the broader tax burden.

Although no official decisions have been made yet, Coutinho has received a report on the matter and is considering the options. Any proposals will need to strike a balance between affordability and fairness for consumers. With local elections approaching and a general election on the horizon, the government faces a tight timeline for implementing any changes to the current system.

Read more:
Claire Coutinho Mulls Overhaul of Green Levies on Electricity Bills

0
FacebookTwitterGoogle +Pinterest
previous post
Should You be Concerned About These Four Stocks?
next post
Open Plan Offices Pose Challenges for ADHD Workers

You may also like

Channel 4 boss warns AI firms are ‘scraping...

April 1, 2025

5 Steps to Booking a Sprinter Van Service

October 25, 2022

Ensuring Compliance with Industry Standards Through Code Review...

April 15, 2025

PayPal admits policy to fine customers for ‘misinformation’...

October 11, 2022

Enhancing Your Manufacturing Business’s Online Reputation with SEO

May 30, 2024

A public inquiry has begun into London Luton...

September 27, 2022

Seaside Charm: Tiny Beachfront Ice Cream Hut Hits...

May 14, 2024

Asda Named Most Expensive Supermarket Fuel Retailer in...

June 5, 2024

How Bitcoin Wallet Recovery Can Save Your Crypto...

January 26, 2024

Watchdog bans Gemma Collins advert promoting headset to...

August 7, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Trump, lawmakers react after ‘big, beautiful bill’ clears Senate hurdle

      June 29, 2025
    • How Staff Can Strengthen HIPAA Compliance and Security

      June 29, 2025
    • Lotus denies plans to close Hethel factory amid US expansion talks

      June 29, 2025
    • Top university degrees lose sway as tech employers prioritise job-ready skills

      June 29, 2025
    • Government urges supermarkets to make healthy food more appealing in bid to tackle obesity crisis

      June 29, 2025
    • Senate Republicans ram Trump’s ‘big, beautiful bill’ through key test vote

      June 29, 2025

    Categories

    • Business (8,334)
    • Investing (2,081)
    • Politics (15,854)
    • Stocks (3,177)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved