Autumn Statement 2022: Energy Taxes Factsheet
This covers changes to the Energy Profit Levy and the introduction of the Electricity Generator Tax as outlined in the 17 November 2022 Autumn Statement.
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In the 17 November 2022 Autumn Statement, the Chancellor of the Exchequer outlined a number of changes to the Energy Profit Levy including the introduction of the Electricity Generator Tax.
Energy profits levy factsheet
Given the cost of living pressures households are facing, the government is increasing the Energy Profits Levy and is introducing a new tax on electricity generators to ensure that energy companies contribute to the UK’s collective efforts to strengthen public finances, and fund cost of living support and public services. This factsheet outlines the changes to the Energy Profits Levy and the new Electricity Generator Tax.