Electricity Generator Levy
Why linked: Parliamentary Written Statement (HCWS1528) on Electricity Generator Levy explaining its nature, rates, and operation
UIN: HCWS1528 The Electricity Generator Levy (EGL) was introduced in 2023 and is a temporary tax on windfall revenues for large renewables. The EGL is currently calculated as 45% of a generator’s annual revenue above a benchmark price, which is …