nuclear-news

Labour’s nuclear tax to blame for rising energy bills, says Octopus.

THE UK Government’s nuclear levy is to blame for rising energy bills,
according to a leading utilities company. Octopus Energy has said that
Labour’s imposition of a tax on energy bills to pay for the construction of
the Sizewell C nuclear power plant in Suffolk is forcing up household costs.

Rachel Fletcher, the company’s director for regulation, said: “The price
cap is rising again, driven by costly subsidies for mega projects like
Sizewell C and major network upgrades that are adding billions to consumer bills – with no end in sight.

“Let’s be clear: this isn’t about supplier
profits, which are capped at around 2%, or renewables. The real issue is
our inefficient electricity system burdened by ever-growing policy and
network costs that keep stacking up on household bills.

“Instead of
paying wind farms not to generate and locking the country into tens of
billions of unnecessary grid spending, we need bold market reform. This
would save billpayers at least £5 billion a year and finally unlock the
full potential of our homegrown green energy.”

Speaking to Westminster’s
Energy Committee earlier this month, Fletcher estimated that contrary to
Labour’s pledge to cut energy bills by £300 a year, they were actually
going up by that amount to fund improvements to the grid and transmission networks.

The National 21st Nov 2025,
https://www.thenational.scot/news/25641939.labours-nuclear-tax-blame-rising-energy-bills-says-octopus/

November 25, 2025 - Posted by Christina Macpherson | business and costs, politics