Active Announced in the King's Speech on 13 May 2026. 108 events
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Electricity Generator Levy Bill

The King's Speech 2026 bill concerning the Electricity Generator Levy, the tax framework applying to exceptional receipts from low-carbon electricity generation.

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2026

11 events
13 May 2026 | Policy paper British Transport Police Delegated Powers and Regulatory Reform Committee Department for Transport Network Rail Office of Rail and Road Regulatory Policy Committee Transport Committee Transport Focus Context · primary home: Tackling State Threats Bill linked direct

The King's Speech 2026 – Background Briefing Notes (PDF)

Why linked: King's Speech 2026 Background Briefing Notes explicitly naming the Electricity Generator Levy Bill as a legislative item

The full PDF of the King's Speech 2026 background briefing notes from the Prime Minister's Office, containing dedicated section on the Railways and Passenger Benefits Bill (p.75) setting out the rationale for establishing Great British Railways.

▤ View document · ↗ GOV.UK
13 May 2026 | Policy paper HM Revenue and Customs HM Revenue & Customs HM Treasury linked commitment

King's Speech announces Electricity Generator Levy Bill

Why linked: The King's Speech 2026 and official briefing notes announce the Electricity Generator Levy Bill as part of the government's legislative programme.

The King's Speech 2026 bill concerning the Electricity Generator Levy, the tax framework applying to exceptional receipts from low-carbon electricity generation.

▤ View document · ↗ GOV.UK · ↓ The King's Speech 2026: background briefing not… (129pp)
29 Apr 2026 | Written question Department for Energy Security and Net Zero linked direct

To ask the Secretary of State for Energy Security and Net Zero, with reference to his Department’s press release entitled Decisive action to break influence of gas on electricity prices, published on…

Why linked: Written question on decisive action to break influence of gas on electricity - contextual to energy market conditions driving levy rationale

To ask the Secretary of State for Energy Security and Net Zero, with reference to his Department’s press release entitled Decisive action to break influence of gas on electricity prices, published on 21 April 2026, what discussions he has had …

▤ View document · ↗ GOV.UK
28 Apr 2026 | Written question Department for Energy Security and Net Zero linked direct

To ask the Secretary of State for Energy Security and Net Zero, what assessment he has made of the potential impact of the marginal pricing mechanism on the revenues of renewable and nuclear electricity generators.

Why linked: Written question (2026-04-28) on marginal pricing mechanism impact on renewable generator revenues. Contextually relevant to revenue frameworks affecting low-carbon generators subject to the levy.

To ask the Secretary of State for Energy Security and Net Zero, what assessment he has made of the potential impact of the marginal pricing mechanism on the revenues of renewable and nuclear electricity generators.

▤ View document · ↗ GOV.UK
21 Apr 2026 | Announcement Treasury linked direct

Electricity Generator Levy

Why linked: Parliamentary Written Statement (HCWS1528) on Electricity Generator Levy explaining its nature, rates, and operation

UIN: HCWS1528 The Electricity Generator Levy (EGL) was introduced in 2023 and is a temporary tax on windfall revenues for large renewables. The EGL is currently calculated as 45% of a generator’s annual revenue above a benchmark price, which is …

▤ View document · ↗ GOV.UK · ↓
21 Apr 2026 | Announcement Treasury linked direct

Electricity Generator Levy

Why linked: Parliamentary Written Statement (HLWS1535) on Electricity Generator Levy; ministerial guidance on the levy

UIN: HLWS1535 My honourable friend the Exchequer Secretary to the Treasury (Dan Tomlinson) has today made the following Written Ministerial Statement.The Electricity Generator Levy (EGL) was introduced in 2023 and is a temporary tax on windfall revenues for large renew...

▤ View document · ↗ GOV.UK · ↓
28 Jan 2026 | Consultation outcome Department for Energy Security and Net Zero Northern Ireland Executive Scottish Government Context · primary home: Renewables Obligation Indexat… linked evidence

Renewables Obligation (RO) scheme: indexation changes

Why linked: Filled the "Broader energy taxation and subsidy frameworks affecting renewable generators" gap via web research

We're seeking views on proposed changes to inflation indexation for the Renewables Obligation (RO) scheme.

▤ View document · ↗ GOV.UK · ↓ Changes to inflation indexation in the Renewabl… (13pp)
+7 more
↓ Changes to inflation indexation in the Renewables Obligatio… ↓ Analytical annex: Impact of indexation options (PDF) (9pp) ↓ Analytical annex: Impact of indexation options (HTML) ↓ Renewables Obligation (RO) scheme indexation changes: gover… (16pp) ↓ Renewables Obligation (RO) scheme indexation changes: gover… ↓ Renewables Obligation (RO) final consultation analytical an… (14pp) ↓ Renewables Obligation (RO) final consultation analytical an…
12 Jan 2026 | Policy paper HM Revenue & Customs linked direct

Exemptions from Climate Change Levy for sodium bicarbonate produced from soda ash and electrolytic hydrogen

Why linked: CCL exemptions for electrolytic hydrogen policy paper; energy context and low-carbon generation taxation

CCL exemptions for electrolytic hydrogen policy paper; energy context and low-carbon generation taxation

In response to: Climate Change Levy — exemptions for sodium bicarbonate produced from soda ash and electr…

▤ View document · ↗ GOV.UK
12 Jan 2026 | Policy paper HM Revenue & Customs linked direct

Climate Change Levy — exemptions for sodium bicarbonate produced from soda ash and electrolytic hydrogen

Why linked: Climate Change Levy exemptions for electrolytic hydrogen; within scope as adjacent energy taxation affecting low-carbon generators per interpreted scope

This tax information and impact note is about planned exemptions from Climate Change Levy (CCL) for electrolytic hydrogen and sodium bicarbonate produced from soda ash.

▤ View document · ↗ GOV.UK · ↓ Exemptions from Climate Change Levy for sodium …

2025

3 events
26 Nov 2025 | Consultation outcome HM Treasury linked direct

Climate Change Levy: electrolytic hydrogen and energy context

Why linked: Consultation on CCL treatment of electrolytic hydrogen and energy context; explicitly named in scope as adjacent material

Consultation on the treatment of electrolytic hydrogen in Climate Change Levy and the changing energy context

▤ View document · ↗ GOV.UK · ↓ Consultation on Climate Change Levy: electrolyt… (32pp)
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↓ Consultation on Climate Change Levy: electrolytic hydrogen … ↓ Climate Change Levy (CCL): treatment of electrolytic hydrog… (30pp) ↓ Climate Change Levy (CCL): treatment of electrolytic hydrog…

2024

16 events
19 Nov 2024 | Statutory Instrument linked direct

The Energy (Oil and Gas) Profits Levy (Energy Security Investment Mechanism) Regulations 2024

Why linked: Energy (Oil and Gas) Profits Levy regulations 2024 on price calculation mechanisms; demonstrates parallel windfall tax administrative framework for energy profits

These Regulations specify how the average price of oil and the average price of gas over a reference period are to be calculated for the purposes of section 17A(1) of the Energy (Oil and Gas) Profits Levy Act 2022 (“the …

▤ View document · ↗ GOV.UK
19 Nov 2024 | Statutory Instrument linked direct

The Energy (Oil and Gas) Profits Levy (Energy Security Investment Mechanism) Regulations 2024

Why linked: Energy (Oil and Gas) Profits Levy regulations 2024; duplicate of 42604; parallel windfall tax framework

These Regulations specify how the average price of oil and the average price of gas over a reference period are to be calculated for the purposes of section 17A(1) of the Energy (Oil and Gas) Profits Levy Act 2022 (“the …

▤ View document · ↗ GOV.UK
30 Oct 2024 | Policy paper HM Revenue & Customs linked direct

Energy Profits Levy reforms 2024

Why linked: Energy Profits Levy reforms 2024 policy paper; statutory basis document addressing EPL framework that Electricity Generator Levy Bill may amend or replace

These measures are about reforms to the Energy Profits Levy following announcements made at the July Statement 2024.

▤ View document · ↗ GOV.UK · ↓ Energy Profits Levy — reforms 2024
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↓ Draft legislation (3pp) ↓ Draft legislation (accessible version)
6 Mar 2024 | Policy paper HM Revenue & Customs linked direct

Energy Profits Levy: Energy Security Investment Mechanism legislation

Why linked: Energy Profits Levy Energy Security Investment Mechanism policy paper; statutory basis framework documentation

This tax information and impact note is about amending the Energy Profits Levy to make sure it permanently ends if prices return to historically normal levels.

▤ View document · ↗ GOV.UK · ↓ Energy Profits Levy: Energy Security Investment…
8 Feb 2024 | Written question Department for Energy Security and Net Zero linked direct

To ask the Secretary of State for Energy Security and Net Zero, what assessment she has made of the potential impact of targeted exemption of energy bill levies on (a) households using electric heating and (b) the take up of heat pumps.

Why linked: Written question (2024-02-08) on targeted exemption of energy bill levies on households/businesses. Provides context on levy policy design and exemptions relevant to generator levy framework.

To ask the Secretary of State for Energy Security and Net Zero, what assessment she has made of the potential impact of targeted exemption of energy bill levies on (a) households using electric heating and (b) the take up of …

▤ View document · ↗ GOV.UK
5 Feb 2024 | Debate linked direct

Finance Bill (Ways and Means)

Why linked: Finance Bill parliamentary debate directly addressing electricity generator levy provisions and exemptions for new generating plant

Motion made, and Question proposed, That provision may be made for the electricity generator levy not to apply to new generating plant.— (Nigel Huddleston.) Mr Deputy Speaker (Sir Roger Gale): I call the SNP spokesperson. 17:22:00 Drew Hendry (Inverness, Nairn, …

▤ View document · ↗ GOV.UK · ↓ Download transcript (text)
1 Feb 2024 | Written question Department for Energy Security and Net Zero linked direct

To ask the Secretary of State for Energy Security and Net Zero, if she will make an estimate of the added cost of (a) environmental and (b) social obligations on (i) electricity and (ii) gas bills to the average household in 2023.

Why linked: Written question (2024-02-01) on environmental and social obligations cost on electricity generators and suppliers. Contextually relevant to costs and framework affecting generator liability.

To ask the Secretary of State for Energy Security and Net Zero, if she will make an estimate of the added cost of (a) environmental and (b) social obligations on (i) electricity and (ii) gas bills to the average household …

▤ View document · ↗ GOV.UK
16 Jan 2024 | Announcement Department for Energy Security and Net Zero linked direct

Energy Update

Why linked: Energy Update from January 2024 - ministerial statement on government's energy policy direction, relevant to broader policy context of electricity generator taxation

UIN: HCWS182 I would like to update the House on the Government’s road fuels consultation and impact assessment that will be published today and closes on 12 March 2024. The Government is committed to reducing bills for families, including to …

▤ View document · ↗ GOV.UK · ↓

2023

24 events
18 Dec 2023 | Policy paper HM Revenue & Customs linked

Introduction of a new investment exemption for the Electricity Generator Levy

This tax information and impact note is about the new investment exemption from the Electricity Generator Levy — this applies to certain investment projects where there is a decision to proceed on or after 22 November 2023.

▤ View document · ↗ GOV.UK · ↓ Electricity Generator Levy: new investment exem…
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↓ Draft legislation (1pp) ↓ Draft legislation accessible version ↓ Explanatory note
22 Nov 2023 | Consultation outcome HM Revenue & Customs linked direct

Energy Profits Levy and the Energy Security Investment Mechanism discussion note - summary of responses

Why linked: Energy Profits Levy ESIM discussion note summary of responses; part of EPL framework consultation

Energy Profits Levy ESIM discussion note summary of responses; part of EPL framework consultation

In response to: Energy Profits Levy and the Energy Security Investment Mechanism: discussion note

▤ View document · ↗ GOV.UK
22 Nov 2023 | Consultation outcome HM Revenue & Customs linked direct

Energy Profits Levy and the Energy Security Investment Mechanism: discussion note

Why linked: Consultation outcome on Energy Profits Levy ESIM; relevant to understanding EPL framework that EGL bill may amend

A discussion note to seek views on the technical details and practical application of the Energy Profits Levy’s (EPL) Energy Security Investment Mechanism (ESIM).

▤ View document · ↗ GOV.UK · ↓ Discussion note: Energy Profits Levy - Energy S…
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↓ Energy Profits Levy and the Energy Security Investment Mech…
13 Jun 2023 | Announcement Treasury linked direct

Energy tax update

Why linked: 2023 Written Ministerial Statement on Energy tax update directly relevant to energy taxation framework

UIN: HLWS836 My honourable friend the Exchequer Secretary to the Treasury (Gareth Davies) has made the following Written Ministerial Statement.The Government introduced the Energy (Oil and Gas) Profits Levy (EPL) in May 2022 to tax the temporary extraordinary profits ...

▤ View document · ↗ GOV.UK
12 Jun 2023 | Announcement Treasury linked direct

Energy tax update

Why linked: 2023 WMS on Energy (Oil and Gas) Profits Levy - foundational energy taxation instrument referenced in scope

UIN: HCWS845 The Government introduced the Energy (Oil and Gas) Profits Levy (EPL) in May 2022 to tax the temporary extraordinary profits of oil and gas companies, and to help fund vital support for millions of people facing rising bills, …

▤ View document · ↗ GOV.UK
9 May 2023 | Debate Department for Energy Security and Net Zero linked direct

Energy Profits Levy

Why linked: Parliamentary debate on Energy Profits Levy (Lords) - policy scrutiny

Lords Chamber debate | Lords

▤ View document · ↗ GOV.UK
19 Apr 2023 | Debate linked direct

Finance (No. 2) Bill

Why linked: Finance (No. 2) Bill parliamentary debate explicitly covering electricity generator levy (Clauses 278-312)

[2nd Allocated Day] Pensions (Clauses 18 to 25; any new Clauses or new Schedules relating to the subject matter of those Clauses); Electricity generator levy (Clauses 278 to 312; any new Clauses or new Schedules relating to the subject matter …

▤ View document · ↗ GOV.UK · ↓ Download transcript (text)
29 Mar 2023 | Debate linked direct

FINANCE (NO. 2) BILL (PROGRAMME)

Why linked: Finance (No. 2) Bill Programme Order addressing commitment procedure for electricity generator levy

Motion made, and Question put forthwith (Standing Order No. 83A(7)), That the following provisions shall apply to the Finance (No. 2) Bill: Committal 1. The following shall be committed to a Committee of the whole House— (a) Clauses 5 and …

▤ View document · ↗ GOV.UK · ↓ Download transcript (text)
15 Mar 2023 | Policy paper HM Revenue & Customs linked direct

The decarbonisation allowance in the Energy Profits Levy

Why linked: Policy paper on decarbonisation allowance in Energy Profits Levy - directly addresses tax framework and incentives for low-carbon investment

This tax information and impact note is about the introduction of an 80% investment allowance in the Energy Profits Levy for qualifying expenditure on decarbonising upstream oil and gas production.

▤ View document · ↗ GOV.UK · ↓ Energy Profits Levy: Decarbonisation Allowance
24 Feb 2023 | Announcement Department for Business and Trade linked direct

Energy Intensive Industries electricity support package

Why linked: Ministerial announcement on Energy Intensive Industries electricity support package - contextualises interactions between energy taxation and industry support

UIN: HCWS581 Yesterday the government brought forward a package of measures to address energy costs for our most energy-intensive industries, which includes companies in important strategic sectors that attract significant investment into Great Britain such as steel, ...

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24 Feb 2023 | Announcement Department for Business and Trade linked direct

Energy Intensive Industries electricity support package

Why linked: Ministerial announcement (2023-02-24) on 'Energy Intensive Industries electricity support package'. Policy context for energy support schemes that interact with generator levy framework and industrial electricity costs.

UIN: HLWS570 My Rt Hon Friend the Secretary of State for Business and Trade (Kemi Badenoch MP) has today made the following statement.Yesterday the government brought forward a package of measures to address energy costs for our most energy-intensive industries, …

▤ View document · ↗ GOV.UK
7 Feb 2023 | Debate Department for Energy Security and Net Zero linked direct

Energy Profits Levy

Why linked: Parliamentary debate on Energy Profits Levy (Lords) - policy scrutiny

Lords Chamber debate | Lords

▤ View document · ↗ GOV.UK
5 Jan 2023 | Committee report linked direct

The Government is not providing renewable energy generators with the same level of generous tax reliefs for new investment to enhance the UK’s energy security. We recommend that the Treasury examine how a similar low-carbon Investment Allowance could be introduced for electricity producers paying the new temporary tax of 45%. (Paragraph 249) 90 Accelerating the transition from fossil fuels and securing energy supplies

Why linked: Parliamentary scrutiny output noting renewable energy generators lack parity in tax reliefs compared to fossil fuel sector - equity analysis relevant to levy design

The Government is not providing renewable energy generators with the same level of generous tax reliefs for new investment to enhance the UK’s energy security. We recommend that the Treasury examine how a similar low-carbon Investment Allowance could be introduced …

▤ View document · ↗ GOV.UK

2022

51 events
20 Dec 2022 | Written question Department for Business, Energy & Industrial Strategy linked direct

To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment his Department has made of the potential impact of changes to taxation for renewable energy companies will have on the creation of new Green jobs as part of (a) Th

Why linked: Written question directly assessing impact of taxation changes on renewable energy generators - core to understanding the levy's policy rationale

To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment his Department has made of the potential impact of changes to taxation for renewable energy companies will have on the creation of new Green jobs as …

▤ View document · ↗ GOV.UK
14 Dec 2022 | Written question Treasury linked direct

To ask the Chancellor of the Exchequer, what assessment he has made of the potential merits of introducing a windfall tax on bank’s excess profits in a similar manner to the Energy Profits Levy.

Why linked: Parliamentary question on windfall tax precedent using Energy Profits Levy as comparison model - contextualises the levy concept

To ask the Chancellor of the Exchequer, what assessment he has made of the potential merits of introducing a windfall tax on bank’s excess profits in a similar manner to the Energy Profits Levy.

▤ View document · ↗ GOV.UK
1 Dec 2022 | Written question Treasury linked direct

To ask the Chancellor of the Exchequer, what assessment his Department has made of the potential impact of changes to taxation for renewable energy companies on investment in the offshore renewable energy sector.

Why linked: Parliamentary question on potential impact of taxation changes for renewable energy companies on investment - directly relevant to low-carbon generator taxation framework

To ask the Chancellor of the Exchequer, what assessment his Department has made of the potential impact of changes to taxation for renewable energy companies on investment in the offshore renewable energy sector.

▤ View document · ↗ GOV.UK
30 Nov 2022 | Written question Treasury linked direct

To ask the Chancellor of the Exchequer, what proportion of investment by oil and gas companies in decarbonisation, over the period for which they will be eligible under the Energy Profits Levy for the current investment allowance rate of 80 per cent, will

Why linked: Parliamentary question on investment by energy companies in decarbonisation under Energy Profits Levy - addresses generator investment incentives

To ask the Chancellor of the Exchequer, what proportion of investment by oil and gas companies in decarbonisation, over the period for which they will be eligible under the Energy Profits Levy for the current investment allowance rate of 80 …

▤ View document · ↗ GOV.UK
30 Nov 2022 | Written question Treasury linked direct

To ask the Chancellor of the Exchequer, pursuant to the Answer of 24 November 2023 to Question 92053, whether he has made an assessment of the potential impact of Investment Allowances on the Energy Profit Levy on tax revenue.

Why linked: Parliamentary question on potential impact of Investment Allowance within the Energy Profits Levy - assesses specific tax relief mechanism

To ask the Chancellor of the Exchequer, pursuant to the Answer of 24 November 2023 to Question 92053, whether he has made an assessment of the potential impact of Investment Allowances on the Energy Profit Levy on tax revenue.

▤ View document · ↗ GOV.UK
30 Nov 2022 | Written question Treasury linked direct

To ask the Chancellor of the Exchequer, whether he has made an estimate of the amount that would be raised by the Energy Profits Levy over the next six years if tax relief is not provided to companies which invest in new oil and gas extraction in the UK.

Why linked: Direct parliamentary question on Energy Profits Levy revenue estimates over six years - core statutory basis for the Bill

To ask the Chancellor of the Exchequer, whether he has made an estimate of the amount that would be raised by the Energy Profits Levy over the next six years if tax relief is not provided to companies which invest …

▤ View document · ↗ GOV.UK
28 Nov 2022 | Written question Treasury linked direct

To ask the Chancellor of the Exchequer, what assessment he has made of the potential impact of the Electricity Generator Levy on the financial viability of (a) solar projects already in operation and (b) solar projects under planning consideration; and wh

Why linked: Written question on impact of Electricity Generator Levy on solar project viability; substantive parliamentary scrutiny

To ask the Chancellor of the Exchequer, what assessment he has made of the potential impact of the Electricity Generator Levy on the financial viability of (a) solar projects already in operation and (b) solar projects under planning consideration; and …

▤ View document · ↗ GOV.UK
28 Nov 2022 | Written question Treasury linked direct

To ask the Chancellor of the Exchequer, how solar feed-in tariff projects and the pre-determined revenue streams they deliver will be considered under the Electricity Generator Levy.

Why linked: Written question on treatment of solar feed-in tariff projects under Electricity Generator Levy; reflects design scrutiny

To ask the Chancellor of the Exchequer, how solar feed-in tariff projects and the pre-determined revenue streams they deliver will be considered under the Electricity Generator Levy.

▤ View document · ↗ GOV.UK
28 Nov 2022 | Written question Treasury linked direct

To ask the Chancellor of the Exchequer, if he will make it his policy to exempt from the Energy Generator Levy the revenues collected from new solar assets that start operating from January 2023.

Why linked: Written question on exempting solar assets from Energy Generator Levy - directly addresses the specific levy in scope

To ask the Chancellor of the Exchequer, if he will make it his policy to exempt from the Energy Generator Levy the revenues collected from new solar assets that start operating from January 2023.

▤ View document · ↗ GOV.UK
24 Nov 2022 | Written question Treasury linked direct

To ask the Chancellor of the Exchequer, whether his Department have made an assessment of the potential revenue impacts of equalising the Investment Allowances for the Energy Profit Levy and the Energy Generator Levy.

Why linked: Written question on Investment Allowances for Energy Profits Levy - directly relevant to levy design and thresholds

To ask the Chancellor of the Exchequer, whether his Department have made an assessment of the potential revenue impacts of equalising the Investment Allowances for the Energy Profit Levy and the Energy Generator Levy.

▤ View document · ↗ GOV.UK
24 Nov 2022 | Written question Treasury linked direct

To ask the Chancellor of the Exchequer, whether he made an estimate of the predicted tax revenue from extending the Energy Generator levy to cover combined-cycle gas turbine generators before 17 November 2022.

Why linked: Written question on extending Energy Generator levy to CCGT generators - directly addresses scope and design of the levy

To ask the Chancellor of the Exchequer, whether he made an estimate of the predicted tax revenue from extending the Energy Generator levy to cover combined-cycle gas turbine generators before 17 November 2022.

▤ View document · ↗ GOV.UK
16 Nov 2022 | Written question Treasury linked direct

To ask the Chancellor of the Exchequer, with reference to the Government's Observations made on 7 November 2022 on petition P002765 on the Energy Profits Levy, presented by the hon. Member for Leeds East on 7 September 2022, (a) if he will publish a break

Why linked: Parliamentary question referencing Government Observations on Energy Profits Levy petition - documents policy position on the existing levy

To ask the Chancellor of the Exchequer, with reference to the Government's Observations made on 7 November 2022 on petition P002765 on the Energy Profits Levy, presented by the hon. Member for Leeds East on 7 September 2022, (a) if …

▤ View document · ↗ GOV.UK
15 Nov 2022 | Debate Department for Energy Security and Net Zero linked direct

Energy Profits Levy

Why linked: Parliamentary debate on Energy Profits Levy - policy scrutiny

Commons Chamber debate | Commons

▤ View document · ↗ GOV.UK
10 Nov 2022 | Written question Treasury linked direct

To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of revising the Investment Allowance included in the Energy Profits Levy in order to incentivise investment in renewable energy and disincentivise oil and gas ex

Why linked: Parliamentary question on Investment Allowance in Energy Profits Levy - directly addresses levy design mechanism in scope

To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of revising the Investment Allowance included in the Energy Profits Levy in order to incentivise investment in renewable energy and disincentivise oil and …

▤ View document · ↗ GOV.UK
10 Nov 2022 | Written question Treasury linked direct

To ask the Chancellor of the Exchequer, what estimate he has made of the potential revenue from removal of the Investment Allowance in the Energy Profits Levy.

Why linked: Parliamentary question on revenue impact of removing Investment Allowance from Energy Profits Levy - core tax policy design question

To ask the Chancellor of the Exchequer, what estimate he has made of the potential revenue from removal of the Investment Allowance in the Energy Profits Levy.

▤ View document · ↗ GOV.UK
9 Nov 2022 | Written question Department for Business, Energy & Industrial Strategy linked direct

To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will review the impact of the carbon tax on high energy usage industries in the UK.

Why linked: Written question on carbon tax impact on energy-intensive industries - relevant to understanding broader tax framework affecting generators

To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will review the impact of the carbon tax on high energy usage industries in the UK.

▤ View document · ↗ GOV.UK
9 Nov 2022 | Written question Treasury linked direct

To ask the Chancellor of the Exchequer, what estimate he has made of the amount of tax revenue that has been offset by the Investment Allowance of the Energy Profits Levy since it was introduced in May 2022.

Why linked: Parliamentary question on tax revenue offset by Energy Profits Levy Investment Allowance - quantifies fiscal impact of levy design

To ask the Chancellor of the Exchequer, what estimate he has made of the amount of tax revenue that has been offset by the Investment Allowance of the Energy Profits Levy since it was introduced in May 2022.

▤ View document · ↗ GOV.UK
8 Nov 2022 | Written question Department for Business, Energy & Industrial Strategy linked direct

To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will make an assessment of the potential merits of exempting operatively-owned wind farms from the proposed Cost-Plus Revenue Limit for power generation.

Why linked: Written question (2022-11-08) asking about exempting operatively-owned wind farms from the Energy Profits Levy. Directly relevant to levy design and generator exemptions under the predecessor EPL framework.

To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will make an assessment of the potential merits of exempting operatively-owned wind farms from the proposed Cost-Plus Revenue Limit for power generation.

▤ View document · ↗ GOV.UK
7 Nov 2022 | Written question Treasury linked direct

To ask the Chancellor of the Exchequer, if he will hold discussions with the Secretary of State for Business, Energy and Industrial Strategy about the potential merits of introducing tax reforms with the aim of both reducing the carbon consumption of the

Why linked: Written question (2022-11-07) to Chancellor about discussions regarding introducing a generator levy. Directly relevant to policy development of the Electricity Generator Levy.

To ask the Chancellor of the Exchequer, if he will hold discussions with the Secretary of State for Business, Energy and Industrial Strategy about the potential merits of introducing tax reforms with the aim of both reducing the carbon consumption …

▤ View document · ↗ GOV.UK
7 Nov 2022 | Written question Treasury linked direct

To ask the Chancellor of the Exchequer, what assessment has he made of the potential impact of the Energy Profits Levy Investment Allowance on (a) the UK’s carbon emissions and ability to achieve its net zero target and (b) the UK’s ability to deliver its

Why linked: Parliamentary question assessing impact of Energy Profits Levy Investment Allowance on carbon emissions and investment - directly relevant to low-carbon generator incentives

To ask the Chancellor of the Exchequer, what assessment has he made of the potential impact of the Energy Profits Levy Investment Allowance on (a) the UK’s carbon emissions and ability to achieve its net zero target and (b) the …

▤ View document · ↗ GOV.UK
7 Nov 2022 | Written question Department for Business, Energy & Industrial Strategy linked direct

To ask the Secretary of State for Business, Energy and Industrial Strategy, what his timescale is for outlining the details of the revenue cap on low carbon electricity companies; and if he will make a statement.

Why linked: Written question specifically about revenue cap on low carbon electricity companies - directly addresses the levy mechanism and generator treatment

To ask the Secretary of State for Business, Energy and Industrial Strategy, what his timescale is for outlining the details of the revenue cap on low carbon electricity companies; and if he will make a statement.

▤ View document · ↗ GOV.UK
3 Nov 2022 | Written question Treasury linked direct

To ask the Chancellor of the Exchequer, what assessment he has made of the impact of (a) share buybacks and (b) dividend payments in each of the (i) extraction, (ii) generation, (iii) transmission and (iv) supply stages of the energy sector on the househo

Why linked: Written question on share buybacks and dividend payments by energy generation companies - directly relevant to windfall profits and exceptional receipts from generators

To ask the Chancellor of the Exchequer, what assessment he has made of the impact of (a) share buybacks and (b) dividend payments in each of the (i) extraction, (ii) generation, (iii) transmission and (iv) supply stages of the energy …

▤ View document · ↗ GOV.UK
1 Nov 2022 | Announcement Department for Business, Energy & Industrial Strategy linked direct

Energy Support Package - Secondary Legislation

Why linked: Ministerial announcement on Energy Support Package secondary legislation - contextualises broader energy taxation and support framework

UIN: HLWS342 My Right Honourable friend the Minister of State for Climate (Graham Stuart) has today made the following statement:The Energy Prices Act 2022 received Royal Assent on 25 October 2022. The Act establishes the legislative framework necessary to deliver …

▤ View document · ↗ GOV.UK
17 Oct 2022 | Announcement Treasury linked direct

Energy Update

Why linked: Ministerial Written Statement on Energy Update from Chancellor - likely addresses Energy Profits Levy policy position and updates

UIN: HLWS318 My right honourable friend the Chancellor of the Exchequer (Jeremy Hunt) has today made the following Written Ministerial Statement.It is normal practice when a Government Department proposes to undertake a contingent liability in excess of £300,000, and ...

▤ View document · ↗ GOV.UK
12 Jul 2022 | Announcement Treasury linked direct

Energy (Oil and Gas) Profits Levy Bill

Why linked: Written Statement on Human Rights Act compatibility - Energy Profits Levy Bill

UIN: HLWS197 I have made a statement under Section 19(1)(a) of the Human Rights Act 1998 that, in my view, the provisions of the Energy (Oil and Gas) Profits Levy Bill are compatible with the convention rights. A copy of …

▤ View document · ↗ GOV.UK
12 Jul 2022 | Research Delegated Powers and Regulatory Reform Committee linked direct

8th Report - Energy Bill [HL]: Parts 1–2; Energy (Oil and Gas) Profits Levy Bill; Schools Bill [HL]: Government Response; Product Security and Telecommunications Infrastructure Bill: Government Response

Why linked: Select Committee report covering Energy Profits Levy Bill among other measures

Select Committee report covering Energy Profits Levy Bill among other measures

▤ View document · ↗ GOV.UK · ↓ 45.pdf
22 Feb 2022 | Debate Department for Energy Security and Net Zero linked direct

Windfall Tax: Oil, Gas and Energy Companies

Why linked: Parliamentary debate on 'Windfall Tax: Oil, Gas and Energy Companies' (2022-02-22). Directly addresses the windfall tax framework on energy sector profits, which is the statutory and policy predecessor to the Electricity Generator Levy Bill.

Lords Chamber debate | Lords

▤ View document · ↗ GOV.UK

2021

1 event
28 Apr 2021 | Committee report linked direct

We were concerned that HM Treasury and HMRC seemed to view the consequences of environmental taxes as the responsibility of other government departments. The Department for Environment, Food & Rural Affairs (Defra) has lead responsibility for all environmental policy areas apart from climate change mitigation, including net zero, on which the Department for Business, Energy & Industrial Strategy (BEIS) leads. HM Treasury, HMRC and other departments contribute to Defra and BEIS’s environmental...

Why linked: Parliamentary extract (2021-04-28) discussing HM Treasury and HMRC responsibility for environmental tax consequences. Relevant to HMRC/Treasury governance of energy taxation including generator levies.

We were concerned that HM Treasury and HMRC seemed to view the consequences of environmental taxes as the responsibility of other government departments. The Department for Environment, Food & Rural Affairs (Defra) has lead responsibility for all environmental policy areas …

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2020

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