The Electricity Generator Levy (EGL) is a tax on electricity generators' profits introduced by HM Treasury and administered by HMRC as part of the UK's energy and climate policy response. It operates alongside the Climate Change Levy (CCL) and the Energy Profits Levy, with recent focus on how these levies apply to emerging technologies like electrolytic hydrogen. The policy is currently active with ongoing consultation and implementation of technical adjustments.
In response to: Changes to the Energy (Oil and Gas) Profits Levy
This document sets out the changes announced today to the Energy (Oil and Gas) Profits Levy (EPL) in line with the government’s manifesto commitments.
In response to: Introduction of a new investment exemption for the Electricity Generator Levy
A technical note to help generators understand the new investment exemption. It does not provide formal guidance, which HM Revenue and Customs will issue.
This tax information and impact note is about the new investment exemption from the Electricity Generator Levy — this applies to certain investment projects where there is a decision to proceed on or after 22 November 2023.
In response to: Electricity Generator Levy: introduction
The tax information and impact note details a new Electricity Generator Levy.
In response to: Electricity Generator Levy
The government is introducing a tax on the extraordinary returns of electricity generators resulting from the spike in gas prices driven by Russia’s weaponisation of gas supplies.
This measure introduces a new tax on exceptional electricity generation receipts of qualifying generating undertakings from 1 January 2023 to 31 March 2028.
This covers changes to the Energy Profit Levy and the introduction of the Electricity Generator Tax as outlined in the 17 November 2022 Autumn Statement.
This document provides further detail on how the Control for Low Carbon Levies will work.