Green Taxes Set to Treble

Green subsidies – levied on consumer bills – will treble by 2021-22, The Office for Budget Responsibility says. The controversial tax take will rise from £4.6 billion in 2015-16 to £13.5 billion in 2021-22. The cash will be spent on subsidising economically non-viable energy, such as solar and wind farms. Earlier this week Centrica, the parent company of British Gas, got into a public spat with the government, blaming green levies for putting an extra £149 a year on household bills. The firm said green taxes caused “significant pressures” on pricing and that there was no option but to pass costs on to customers. Centrica CEO Ian Conn said:

“It is transmission and distribution of electricity to the home and government policy costs that are driving our price increase.”

A spinner for the Department for Business, Energy and Industrial Strategy (BEIS) claimed: “A number of independent reports have shown energy policy costs make up a relatively small proportion of household energy bills.”

Days later the government’s own forecaster admits green policy costs will treble…

mdi-tag-outline Green Taxes OBR Office for Budget Responsibility
mdi-account-multiple-outline Ian Conn
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