The end of January means the end of the first month of the Electricity Generator Levy (EGL). First announced as part of the Autumn 2022 budget, the EGL places a 45% tax on generation receipts above £75/MWh for non-Contracts for Difference (CfD) renewable and nuclear generators until March 2028.
In this week’s ‘Chart of the week’, we discuss the EGL and why it is likely to remain a hot topic of conversation for the months and years to come.