The 'Spark Gap' and levvies

Spies

I watched quite an interesting Q&A with heat geek and our minister for energy consumers and she basically hinted at taking levvies off electric and applying them to Gas, but sure that's going to end in a shortfall for new projects?

If you take for example 10% off electricity, reducing it by 3p then add that levy to Gas which for the sake of argument adds 0.7p there's a disparity of 2.3p, so does that just mean there will be less money to invest in green energy going forward?

QrizB

Dual-fuel households typically use 4-5x more gas than electricity.

MattMattMattUK

Spies said:

I watched quite an interesting Q&A with heat geek and our minister for energy consumers and she basically hinted at taking levvies off electric and applying them to Gas, but sure that's going to end in a shortfall for new projects?

If you take for example 10% off electricity, reducing it by 3p then add that levy to Gas which for the sake of argument adds 0.7p there's a disparity of 2.3p, so does that just mean there will be less money to invest in green energy going forward?

It will not be the same percentage as a levy, it will be the required percentage to raise the desired revenue.