Government Explores Shifting Energy Charges to Taxation

Government explores shifting energy bill charges into general taxation to cut household bills by £150-£170, aiming to meet election promise of £300 reduction by 2030. A cut to Value Added Tax on energy bills is also under consideration. The public wants action on energy bills, currently the most worrying household expense. The Renewables Obligation and Energy Company Obligation are among the charges being looked at for potential shifts. The goal is to boost public confidence in the energy and climate agenda, despite short-term cost increases for clean energy investments.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.