Rachel Reeves to raise windfall tax on low-carbon electricity generators
Chancellor aims to curb rising household bills as she consults on reforms to weaken link between gas and electricity pricesRachel Reeves is poised to raise the government’s windfall tax on low-carbon electricity generators to help to limit UK household energy…
By · April 17, 2026 · 1 min read
This article was originally published by
The Guardian World
and is republished here under license.
Chancellor aims to curb rising household bills as she consults on reforms to weaken link between gas and electricity prices
Rachel Reeves is poised to raise the government’s windfall tax on low-carbon electricity generators to help to limit UK household energy bills, the Guardian understands.
The chancellor is ready to hike the levy introduced in 2022 to target the excess profits made by the owners of older renewable energy and nuclear plants as electricity market prices soared after Russia’s full-scale invasion of Ukraine.
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