'A self-destructive step': Energy industry warns axing carbon pricing could lead to higher bills

James Murray
clock • 6 min read
The Port Talbot plant, photographed from the Aberavon beach / Credit: iStock
Image:

The Port Talbot plant, photographed from the Aberavon beach / Credit: iStock

The Conservatives and Reform have said they would axe carbon taxes, but Energy UK warns such a move would result in new trade barriers and higher gas prices

Plans from the Conservatives and Reform to scrap the UK's carbon pricing regime would fail to deliver promised reductions in energy bills and would result in significant new trade barriers between the...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Taxation

'A self-destructive step': Energy industry warns axing carbon pricing could lead to higher bills

'A self-destructive step': Energy industry warns axing carbon pricing could lead to higher bills

The Conservatives and Reform have said they would axe carbon taxes, but Energy UK warns such a move would result in new trade barriers and higher gas prices

James Murray
clock 07 May 2026 • 5 min read
'Actions don't match the narrative': EV industry slams HMRC appeal against public charging VAT ruling

'Actions don't match the narrative': EV industry slams HMRC appeal against public charging VAT ruling

Ministers accused of 'doubling down' on tax system that penalises millions of drivers without access to home charging

Stuart Stone
clock 22 April 2026 • 5 min read
'It has done its job': Government to scrap UK carbon tax on electricity

'It has done its job': Government to scrap UK carbon tax on electricity

Government confirms plans to remove Carbon Price Support from April 2028 and reveals work is continuing to limit influence of gas in setting wholesale power prices

Michael Holder
clock 17 April 2026 • 6 min read