• Home
  • Photo News
  • News
    • NGO/CSO
    • Photo News
    • OrientalNews 7th Anniversary
    • Press Releases
    • World News
    • Nigeria News
    • Politics
    • Opinion
    • Sports
  • Interviews
  • SMEs
  • Law
    • Crime
  • Travel & Tours
    • Aviation
    • Tourism
  • Energy
    • Oil & Gas
    • Power
  • Business
    • Banking & Finance
      • Capital Market
      • Money Market
    • Pension
    • Insurance
    • Brands & Marketing
    • IT & Telecoms
    • Labour
    • Agriculture
    • Maritime
    • Property
    • Manufacturing
  • Regulators
    • Nigeria Bureu of Statistics
    • PENCOM
    • NAICOM
    • SEC
    • NSE
    • CBN
Facebook X (Twitter) Instagram
Tuesday, July 8
  • About us
  • Terms of use
  • Privacy Policy
  • Disclaimer
  • Advertize here
  • Contact us
Facebook X (Twitter) Instagram
Oriental News Nigeria
  • Home
  • Photo News
  • News
    • NGO/CSO
    • Photo News
    • OrientalNews 7th Anniversary
    • Press Releases
    • World News
    • Nigeria News
    • Politics
    • Opinion
    • Sports
  • Interviews
  • SMEs
  • Law
    • Crime
  • Travel & Tours
    • Aviation
    • Tourism
  • Energy
    • Oil & Gas
    • Power
  • Business
    • Banking & Finance
      • Capital Market
      • Money Market
    • Pension
    • Insurance
    • Brands & Marketing
    • IT & Telecoms
    • Labour
    • Agriculture
    • Maritime
    • Property
    • Manufacturing
  • Regulators
    • Nigeria Bureu of Statistics
    • PENCOM
    • NAICOM
    • SEC
    • NSE
    • CBN
Oriental News Nigeria
Home»Energy»Britain Proposes Higher Taxes On Gas Than Power
Energy

Britain Proposes Higher Taxes On Gas Than Power

By Orientalnews StaffApril 4, 2023No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

 

Richard Ginika Izuora

The British energy secretary, Grant Shapps, has proposed placing higher taxes on natural gas than power to spur the country’s shift to a low-carbon economy, according to UK .

The UK has long relied on gas for domestic use, helped by a reduced rate of value added tax on the fuel and an established infrastructure. The government however wants people to shift from fossil-fuel boilers to electric heat pumps, where uptake of the lower emission technology is among the worst in Europe.

Changing the system would require levies to move “onto the gas side of things because it would automatically make the economics of an electric-driven economy better,” Shapps said at a briefing on his Energy Security plan.

The country aims to make “significant progress” toward re-balancing gas and electricity prices by the end of 2024, including by decoupling gas from electricity costs. It will run consultations on how best to do this.

Shapps was speaking as the UK unveiled its wide-reaching energy strategy that included plans to expand a home energy efficiency program as well as more investment in electric vehicle charging points and heat pumps. While long on ambition, the plan offered little in the way of new spending.

The government has already pledged £450 million ($557 million) to help people upgrade gas boilers to heat pumps in order to meet a target of 600,000 new fittings each year by 2028. If installed at the same rate as Norway, one of Europe’s leaders in heat pump sales, the technology could displace 70 per cent of UK domestic gas usage by 2032, according to analysis by the Energy and Climate Intelligence Unit think tank.

Share this:

  • Share
  • Click to email a link to a friend (Opens in new window) Email
  • Tweet
  • Click to share on Reddit (Opens in new window) Reddit
Orientalnews Staff

Related Posts

Nigeria’s power sector: The way forward

July 8, 2025

ViviaJets Says Private Aviation Key To Advancing Africa’s Oil And Gas Industry

July 8, 2025

Nigeria’s Petrol Import Significantly Down In June- Report

July 8, 2025

Leave A Reply Cancel Reply

2025 OrientalNews Conference

0
Years
:
0
Months
:
0
Days
:
0
Hrs
:
0
Mins
:
0
Secs
The latest
  • Ecobank Drives Sustainable Education Ecosystem With Customer Value Proposition 
  • Nigeria Judiciary Called To Promote Confidence In Nigeria’s Capital Market
  • NCS, Others Engages International Airlines On Currency Declaration
  • Oby Ezekwesili Confirmed Keynote Speaker At 7th Penpushing Media Anniversary Lecture 
  • CBN Clarifies NRBVN Charges For Nigerians In Diaspora 
  • MultiChoice Nigeria To Pay $501, 340 Fine For Data Breach
  • NCC’s Digital Awareness Programme Wins 2025 Prize 
  • Nigeria’s power sector: The way forward
  • ViviaJets Says Private Aviation Key To Advancing Africa’s Oil And Gas Industry
  • Sahara Group Drives Dialogue On Gas As Catalyst For Africa’s Sustainable Future
Categories
Quick Links
  • About us
  • Terms of use
  • Privacy Policy
  • Disclaimer
  • Advertize here
  • Contact us
Facebook X (Twitter) Instagram YouTube LinkedIn
Copyright © 2025 Oriental News Nigeria. All right reserved.

Type above and press Enter to search. Press Esc to cancel.