A proposed levy on power suppliers that could add £10-20 to a typical household’s annual electricity bill is being considered by the Treasury, The Times has learnt.
Officials are attracted by the idea of an electricity tax that would help to create a fund to finance green power projects.
The tax could generate capital for the Lib-Con Government’s proposed green investment bank and is being debated within Whitehall as concern mounts over the reluctance of power companies to commit funds to new power generation projects. Within the past month, three gas-fired power stations have been suspended because the projects were uneconomic.
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