Documents from yesterday’s Autumn Budget have revealed the government will not introduce any new “green taxes” until 2025 to protect consumers from rising energy bills.
According to Treasury documents: “in order to protect consumers, the government will not introduce new low carbon electricity levies until the burden of such costs are falling”.
The government will continue to support existing commitments, including up to £557 million for further Contracts for Difference.
This comes just days after Centrica CEO Iain Conn called for fairer funding of green energy costs through taxation, rather than from energy bills.
Rising energy costs have come under fire from advocates for business groups and household consumers, with green subsidies cited as a major contributing factor to Britain having some of the highest energy bills in Europe.