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Energy Bill Warning as Government Urged to Make Major Change This Year
The supplier said moving renewable levies into taxation could unlock billions in investment and help manufacturers save more than £2 billion by 2035.
- Chris Norbury, chief executive of a major UK energy supplier, has urged the Government to remove energy policy costs from business electricity bills, arguing the change would encourage investment and accelerate the transition to cleaner energy across Britain.
- Businesses of all sizes are increasingly "concerned" about rising energy and commodity costs, Norbury said, warning that additional policy charges could hold back investment while companies grapple with uncertainty over future bills.
- Shifting policy costs, such as renewable obligation and feed-in tariffs, into general taxation or a dedicated energy transition fund could ease pressure on firms, potentially saving UK manufacturers more than £2 billion by 2035.
- Norbury told the Press Association that Andy Burnham's government removing VAT from consumer electricity bills shows ministers are "moving in the right direction," noting he has discussed these issues with Energy Secretary Miatta Fahnbulleh.
- The Prime Minister is promising a series of "everyday fixes" to ease household financial pressure, while Andy Burnham has vowed to "pull every single lever" to help struggling households manage the cost of living.
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E.On increased its earnings in the first half of the year. Despite delayed investments, the energy group maintains its annual forecast.
·Düsseldorf, Germany
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E.ON UK chief urges Burnham government to shift green levies off business energy bills - London Business News
The chief executive of E.ON UK has urged the government to move the cost of energy policy away from business electricity bills and into general taxation, warning that high power… The post E.ON UK chief urges Burnham government to shift green levies off business energy bills appeared first on London Business News
Coverage Details
Total News Sources16
Leaning Left1Leaning Right0Center12Last UpdatedBias Distribution92% Center
Bias Distribution
- 92% of the sources are Center
92% Center
C 92%
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