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.

• From: HM Treasury
• Published: 17 November 2022
• Last updated: 20 December 2022 — See all updates

This was published under the 2022 to 2024 Sunak Conservative government

Documents

Electricity generator levy technical note

Ref: ISBN 978-1-915596-30-7, PU 3251

PDF, 117 KB, 14 pages

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Electricity Generator Levy: supplementary technical note

Ref: ISBN 978-1-915596-44-4, 3264

PDF, 210 KB, 24 pages

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Details

On the 17th of November the Government published a technical note which set out the operation of the Electricity Generator Levy, and the plans for discussion with the industry before its introduction on 1 January 2023.

The Government has been engaging with generators on implementing the Electricity Generator Levy and has published a supplementary technical note.

This supplementary technical note accompanies the publication of draft legislation that gives the new levy effect. It replaces the original technical note and brings together confirmation of the policy where this remains the same as previously announced, as well as giving updates where the approach has been further developed or where there have been changes.

The legislation, explanatory notes and tax information and impact note are available here Electricity Generator Levy - GOV.UK (www.gov.uk)

Published 17 November 2022
Last updated 20 December 2022 + show all updates

1. 20 December 2022

   Electricity Generator Levy: supplementary technical note added

2. 17 November 2022

   First published.