Policy paper

Electricity generator levy technical note

The government is introducing a tax on the extraordinary returns of electricity generators resulting from the spike in gas prices driven by Russia’s weaponisation of gas supplies.

Documents

Electricity generator levy technical note

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Details

This technical note sets out the rationale for the introduction of the tax, the details behind its operation, and the plans for discussion with the industry before its introduction on 1 January 2023.

Published 17 November 2022