Utilities have called for changes to “outdated” gas and electricity levies in a bid to decrease costs of electrified heating and save the poorest households more than £100 a year. Currently, 23% of the cost of electricity is made up of environmental and social obligation costs, with the costs of numerous decarbonisation programs funded through the levy. However, gas costs include less than 2% of environmental and social obligation costs. In order to drive down unabated gas use for domestic heating, this needs to change, utilities told Bloomberg.
Current 17th Feb 2021 read more »
Bloomberg 17th Feb 2021 read more »