WORLD · VERIFIED DEVELOPMENT
Reform UK to Slash Energy Bills by £250 Annually in First 100 Days
WHY IT MATTERS
The proposed removal of multiple levies could reduce household energy costs by £250 annually, easing financial pressure on consumers amid rising energy prices driven by global gas market volatility.
What happened
Nigel Farage's Reform UK will announce at its annual conference that it plans to cut energy bill costs by £250 a year in the first 100 days of government. The party will remove levies on gas generators, the Carbon Price Support tax, and the Renewables Obligation scheme, as well as the Feed‑in Tariff and Warm Home Discount.
It will also keep the Prime Minister's decision to drop VAT on household electricity and extend it to gas. The move follows a 4 % rise in Ofgem's quarterly energy‑cost cap triggered by Middle East conflict‑driven gas prices, and comes after Labour pledged to eliminate CPS from 2028.
Reform says the cuts will be passed on to consumers.
PRIMARY SOURCES
Farage pledges to slash UK energy bills
POLITICO Europe · Abby Wallace · Discovery only; POLITICO copyright and subscription terms apply