Green Hydrogen NewsGreen Hydrogen News
    LinkedIn X (Twitter) YouTube Facebook
    Trending
    • Croatia, Italy and Slovenia Come Together to Create Green Hydrogen Competitive Market
    • Morocco’s Bold Leap into the Green Hydrogen Era
    • UK and Germany Unite for Hydrogen
    • EET Hydrogen Starts FEED for HPP2 Production Project
    • NIB Powers Norway’s Hydrogen Revolution with Varanger Kraft Loan
    • Plug Power Spearheads Green Hydrogen Revolution with Major Investments
    • Colbún’s Nehuenco Plant Leads Chile’s Green Hydrogen Transition
    • Funding Boost for InterContinental Energy’s Green Hydrogen
    LinkedIn X (Twitter) YouTube Facebook
    Green Hydrogen NewsGreen Hydrogen News
    • NEWS
      • Authorities
      • Blitz
      • Breaking News
      • Finance
      • Jobs
      • H2 Plant
      • Politics
      • Press Release
      • Sponsored
      • Stock
      • Tenders
      • Video
    • HYDROGEN
      • Aviation
      • Electrolyzers
      • Fuel Cells
      • Green Hydrogen
      • Hydrail
      • Innovation
      • Pipelines
      • Projects
      • Stations
      • Storage
      • Technology
      • Vehicles
    • SPOTLIGHT
      • Analysis
      • Interviews
      • Podcast
      • Research
      • Reviews
      • Specials
      • Webinars
    • REGIONAL
      • Africa
      • Americas
      • Asia
      • Europe
      • Middle east
      • Pacific
    • CONTACT
    • ADVERTIZE
    • SUBSCRIBE
    Green Hydrogen NewsGreen Hydrogen News
    Home Home - Authorities
    hydrogen

    Grant Shapps Considers Scrapping Controversial Hydrogen Levy on UK Energy Bills

    Arnes BiogradlijaBy Arnes Biogradlija05/06/20232 Mins Read
    Share
    LinkedIn Twitter Facebook Email WhatsApp Telegram

    In a potential reversal of plans, Grant Shapps, the Net Zero Secretary, is reportedly considering abandoning a proposal to add approximately £120 to Brits’ energy bills to fund the transition to hydrogen.

    The decision comes in response to fierce criticism from Tory members and concerns about the financial burden on consumers already grappling with rising costs. The levy, aimed at supporting the fledgling hydrogen industry, has faced backlash due to its perceived impact on struggling households and the lack of consideration for income disparities.

    The analysis conducted by the Onward think-tank estimated that achieving the target of 10GW of hydrogen production capacity by 2030 would require an investment of £50 billion. This translates to an additional £118 per year for dual-fuel households, prompting complaints about the equal burden placed on households regardless of their wealth.

    Currently, social and environmental levies make up £165 of the average annual dual fuel bill, with the government providing subsidies to alleviate the financial strain. The proposed levy, scheduled for implementation by 2025, is expected to intensify by 2030 as the government seeks to achieve its hydrogen ambitions.

    However, mounting speculation suggests that the Energy Bill, which recently cleared its second reading in the Commons and is headed for the committee stage, may undergo significant revisions. The accompanying Department for Net Zero documents indicates that the levy aims to bridge the cost gap between low-carbon hydrogen and fossil fuels, providing long-term funding for the hydrogen business model. The precise impact on consumer bills remains uncertain, as policy development and key decisions are still pending.

    The potential scrapping of the hydrogen levy reflects growing concerns about the affordability and equity of the transition to hydrogen energy. While the development of a hydrogen economy is crucial for achieving net-zero emissions, policymakers must carefully consider the financial implications for households, particularly those already facing economic hardships. Balancing the need for sustainable funding with the fair distribution of costs will be essential in ensuring public support and engagement with the transition.

    green hydrogen hydrogen UK
    Share. LinkedIn Twitter Facebook Email

    Related Posts

    hydrogen 26

    Croatia, Italy and Slovenia Come Together to Create Green Hydrogen Competitive Market

    27/09/2023
    Morocco green hydrogen

    Morocco’s Bold Leap into the Green Hydrogen Era

    27/09/2023
    UK and Germany Unite for Hydrogen

    UK and Germany Unite for Hydrogen

    27/09/2023
    EET Hydrogen Starts FEED for HPP2 Production Project

    EET Hydrogen Starts FEED for HPP2 Production Project

    27/09/2023
    funding

    NIB Powers Norway’s Hydrogen Revolution with Varanger Kraft Loan

    27/09/2023
    Plug Power green hydrogen

    Plug Power Spearheads Green Hydrogen Revolution with Major Investments

    27/09/2023
    hydrogen 26

    Croatia, Italy and Slovenia Come Together to Create Green Hydrogen Competitive Market

    27/09/2023
    Morocco green hydrogen

    Morocco’s Bold Leap into the Green Hydrogen Era

    27/09/2023
    UK and Germany Unite for Hydrogen

    UK and Germany Unite for Hydrogen

    27/09/2023
    EET Hydrogen Starts FEED for HPP2 Production Project

    EET Hydrogen Starts FEED for HPP2 Production Project

    27/09/2023

    Subscribe to Updates

    Get the latest news from the hydrogen market subscribe to our newsletter.

    Final Transparent Green Logo (horizontal)-desktop version (RGB)
    LinkedIn X (Twitter) Facebook YouTube

    News

    • Inteviews
    • Webinars
    • Hydrogen
    • Spotlight
    • Regional

    Company

    • Information
    • Advertising
    • Media Kits
    • Contact Info
    • GDPR Policy

    Subscriptions

    • Subscribe
    • Newsletters
    • Sponsored News

    Subscribe to Updates

    Get the latest news from EnergyNewsBiz about hydrogen.

    © 2023 EnergyNews.biz
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.

    Go to mobile version