UK considering cut to green levy to soften energy price surge – The Times

Shoppers browse aisles in a supermarket in London
FILE PHOTO: Shoppers browse aisles in a supermarket in London, Britain April 11, 2017. REUTERS/Neil Hall

January 11, 2022

LONDON (Reuters) – Britain’s finance ministry is considering cutting a green levy on energy bills as a way to help consumers who are already facing high inflation, The Times newspaper reported on Tuesday.

The Treasury was reviewing the Energy Company Obligation, a 1 billion-pound ($1.36 billion) levy on energy bills which pays for insulation and new boilers to help about 200,000 households a year, the newspaper said.

($1 = 0.7350 pounds)

(Writing by William Schomberg; editing by William James)