To encourage electrification, the UK government is considering moving environmental taxes on residential electricity bills to gas bills.
Britain is looking at a way to reduce its dependence on gas to reach a net-zero emissions target for the benefit of electricity. The UK government is considering moving environmental taxes on residential electricity bills to residential gas bills to encourage electrification, according to rumors reported by the Financial Times.
Encourage electrification with a tax switch
“We want to encourage people to adopt technologies like heat pumps and electric vehicles,” the Department of Energy and Industrial Strategy told S&P Global Platts, adding that “carrying capacity for consumers and taxpayers will be central to our approach. as well as to ensure that protections are maintained for the most vulnerable”.
no decision has been taken
The way in which costs are shared between electricity and gas may encourage or discourage consumer behavior regarding decarbonisation, the government said, but at the moment “no decision has been made”.
According to British energy regulator Offgame, taxes on environmental obligations account for about a quarter of the average residential electricity bill.
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