Electricity Generation: Taxation

(asked on 23rd April 2026) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, with reference to her Department’s press release entitled Decisive action to break influence of gas on electricity prices, published on 21 April 2026, what estimate she has made of the additional revenue raised through changes to the Electricity Generator Levy.


Answered by
Dan Tomlinson Portrait
Dan Tomlinson
Exchequer Secretary (HM Treasury)
This question was answered on 28th April 2026

Revenues raised by the rate increase, that takes effect from 1 July 2026, will depend on gas prices in future months. The OBR will score this in the usual way in the Autumn.

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