Households are paying £84 a year in ‘hidden taxes’ on their energy bills to help meet the cost of combating climate change. But mounting pressure could see these taxes more than double to £176 a year within the next decade, warns uSwitch.com.
Households currently spend an average £1,194 a year on energy with £84 or 7% of this going towards environmental levies. These include: the EU Emissions Trading Scheme (£24), Carbon Emissions reduction Target (£45), Community Energy Saving Programme (£3) and the Renewables Obligation (£12). However, policies launched under the previous Government are expected to add a further 6% in levies over the next decade. This will cost consumers an extra £72 a year on their energy bills, resulting in the average household paying a whopping £156 a year in environmental ‘taxes’.
It doesn’t end there though. The Treasury is already said to be considering an additional levy on electricity bills that could add a further £10 – £20 to bills. If this happens consumers could see the ‘hidden tax’ on their energy bills more than double within the next decade to £176, accounting for 15% …
Read the original article at Totallymoney
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