A coalition of experts have published a package of reforms that says would cut household and business electricity bills 20% by 2030.
The Electricity Bills Taskforce includes energy suppliers, business representatives, consumer advocates, academia and charities. It was formed in 2025 in response to the sustained rise in electricity costs facing households.
The package says the government should move all levies from electricity bills to general taxation, develop a strategy to reduce the cost of energy debt, ensure network build is affordable and enable consumer-led flexibility through every available lever.
It also outlines that Labour should move faster to modernise how the system is operated, prevent excess profits in the wholesale market, introduce better targeted support and create a minister-led process to ensure bills go down.
Susie Elks, coordinator of the Electricity Bills Taskforce, said: “Millions of households and businesses are struggling with their energy bills because of our dependence on expensive and volatile fossil fuels. By removing levies from bills and unleashing the cheaper cost of renewables, the government can lower bills today for all households.”
Together, the coalition estimates these measure would save the average household over £300 a year.
The package comes before the Autumn budget on the 28th October and as energy bills are predicted to rise by 16% in January 2027.
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