Energy

The Autumn Statement sets out reforms to ensure businesses in the energy sector who are making extraordinary profits contribute more. From 1 January 2023, the Energy Profits Levy will be increased to 35% and extended to the end of March 2028 and a new, temporary 45% Electricity Generator Levy will be applied on the extraordinary returns being made by electricity generators.

The Energy Price Guarantee (EPG) will be maintained through the winter, limiting typical energy bills to £2,500 per year. From April 2023 the EPG will rise to £3,000.

The government is also setting a national ambition to reduce energy consumption by 15% by 2030, delivered through public and private investment, and a range of cost-free and low-cost steps to reduce energy demand.

Part of the Xeinadin Group

TSH Professional Services Ltd is registered at Companies House, Company Registration No. 11447478.

The company is supervised under the money laundering regulations by the Institute of Chartered Accountants in England and Wales (firm number C006670647). TsH is a member of the Xeinadin group of accounting firms.

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