Policy paper

Technical note: Electricity Generator Levy – new investment exemption

A technical note to help generators understand the new investment exemption. It does not provide formal guidance, which HM Revenue and Customs will issue.

• From: HM Treasury
• Published: 22 November 2023
• Last updated: 18 December 2023 — See all updates

This was published under the 2022 to 2024 Sunak Conservative government

Documents

Electricity Generator Levy (EGL): New Investment Exemption

PDF, 140 KB, 10 pages

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Details

This measure will introduce an exemption from the Electricity Generator Levy for new renewable generation projects which create a new electricity generating station or expand an existing generating station where the substantive decision to proceed is made on or after 22 November 2023.

New electricity generating projects will include new standalone stations, capacity increases and wholescale replacement of generating plant of existing stations.

Draft Legislation and accompanying documents are now online.

Published 22 November 2023
Last updated 18 December 2023 + show all updates

1. 18 December 2023

   Link added to draft legislation and accompanying documents

2. 22 November 2023

   First published.