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Electricity Generation: Taxation

Asked by James McMurdockIndependentTreasuryTabled Answered 28 April 2026UIN 129581

The question

To ask the Chancellor of the Exchequer, with reference to her Department’s press release entitled Decisive action to break influence of gas on electricity prices, published on 21 April 2026, what estimate she has made of the additional revenue raised thro

Answered by Dan Tomlinson

Revenues raised by the rate increase, that takes effect from 1 July 2026, will depend on gas prices in future months. The OBR will score this in the usual way in the Autumn.

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