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.
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