Over 120 organisations have signed a letter to government warning high electricity costs risk driving business closures and job losses, and exacerbating cost of living challenges, unless government acts in the Autumn Budget to reduce taxes on electricity.

The letter, co-ordinated by E3G and Energy UK, highlights that the UK’s energy costs are some of the highest of any developed nation, and 70% higher now than they were in 2021. It notes that this has been a significant contributor to household energy debt rising towards £7 billion and caused over 40% of British businesses to cut investment.

Energy bills remain high due to both high gas prices and non-fuel costs placed on bills. The conflict in the Middle East has pushed up gas prices considerably – at one point reaching a three year high. However, non-fuel costs such as government levies also contribute a significant proportion of the bill. Therefore, the signatories call for government to act on what it can control and would make a difference today – removing taxes from electricity.

Source and full story: https://www.energy-uk.org.uk/news/over-120-organisations-call-for-hidden-taxes-to-come-off-electricity/