UK green taxes on electricity bills deter EV take-up, say energy suppliers

finance
Created 7/16/2024
Updated 7/16/2024

Green taxes on UK household electricity bills are discouraging families from adopting electric cars and heat pumps, according to EDF Energy and Octopus Energy. They suggest shifting eco levies from electricity to gas bills to make cleaner technologies more affordable. Currently, electricity costs four times more than gas partly due to these levies, which make up 17% of a typical annual bill. The previous government had plans to move these levies but did not implement them. Labour aims to make the UK a "clean energy superpower" and ban new petrol and diesel cars by 2030. EDF and Octopus have launched the "Electrify Britain" campaign to promote cleaner heating solutions. Shifting the levies could slightly increase gas bills but significantly reduce electricity costs for non-gas users.

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