UK HMRC has issued a policy paper explaining the increase in the Electricity Generator Levy (EGL). As previously reported, the EGL rate is being increased from 45% to 55% from 1 July 2026. The main text of the policy paper is as follows:
---
Amended rate of the Electricity Generator Levy — 2026 to 2027
Who is likely to be affected
Companies and groups of companies that undertake electricity generation in the UK and are connected to either the national grid or local distribution network…