Government reveals tax rates for green electricity

The government has revealed new tax rates for gas and electricity for the next three years. It includes new prices for electricity generated from renewables following former Chancellor George Osborne’s announcement in […]

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By Jacqueline Echevarria

The government has revealed new tax rates for gas and electricity for the next three years.

It includes new prices for electricity generated from renewables following former Chancellor George Osborne’s announcement in July last year to scrap the Climate Change Levy exemption for green power.

That means from April 2017, the price for green electricity will be £0.568p/kWh and 0.583p/kWh a year later and £0.847p/kWh in 2019.

The rate for gas has been set at 0.198p/kWh for 2017, 0.203p/kWh for 2018 and 0.339p/kWh the following year.

The price for petroleum gas and other gaseous hydrocarbon supplied in a liquid state will be 1.272p/kg in 2017, 1.304p/kg in 2018 and 2.175p/kg in 2019.

The government has also announced the standard landfill tax rates for April 2017 which will be £86.10 per tonne, £1.70 higher than  previously set.

The rate from April 2018 will be £88.95 per tonne, 3.3% higher than the previous rate.