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Tories Pledge 20% Cut to Energy Bills by Axing Carbon Tax and Wind Subsidies

Critics warn the plan would deepen dependence on costly gas.

Overview

  • Shadow energy secretary Claire Coutinho unveiled an election pledge to cut bills by 20% by axing the carbon tax and wind subsidies, citing a £165 saving per household.
  • She said removing the carbon tax on electricity would "instantly" knock almost £8 billion off bills.
  • The package also includes scrapping Great British Energy, repealing the Climate Change Act, reversing the energy profits levy, and lifting the ban on new North Sea oil and gas licences.
  • Labour said the proposals would repeat failed policies and make the UK more dependent on expensive fossil fuels, keeping bills high.
  • An Energy & Climate Intelligence Unit analyst argued that renewables lower wholesale prices by displacing gas and warned that cutting support could raise bills.