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Bloomberg
Several UK utilities are lining up to support changes to how households are taxed in Britain for their energy use.
In an effort to make electricity cheaper for charging cars and heating homes, the Prime Minister Boris Johnson’s government is considering moving some levies away from power to gas bills. It’s a move that could kick-start the mammoth task of decarbonising the 85% of households that use the fossil fuel.
Octopus Energy Ltd, now the fifth-biggest supplier in the market with 2 million customers, is pushing for the change. The company supplies both electricity and gas, selling about $1.4 billion of the fossil fuel each year.
“I just don’t want to sell any,†Greg Jackson, chief executive officer of Octopus said.
Jackson discussed what it would take for the nation to move to 100% renewable energy with the UK premier, when he visited the company’s offices in October.
Rebalancing of carbon taxes was part of the discussion.