House of Commons – July 1, 2026 – 47

New Clause 4 - Electricity Generator Levy: Review of Rate “(1) The Treasury must review the impact of the increase in the Electricity Generator Levy rate to 55% under section 1. (2) The report must, in particular, assess— (a) the impact of that rate on investment in energy generation;

(b) the effects of that rate on electricity prices, including consumer bills;

(c) the implications of that rate for the security of energy supply;

and (d) whether the Levy should continue to be charged at a rate of 55%. (3) The Chancellor of the Exchequer must lay the report containing the findings of the review before Parliament before 31 March 2028.”—(James Wild.)