Centrica backs UK plan to scrap VAT on household electricity bills from Oct. 1
XLU•Centrica supports VAT removal on household electricity bills
Centrica flagged a UK government move to remove VAT from household electricity bills from Oct. 1, lowering customer tariffs.
The group said it will pass the VAT cut through to customers, reducing billed charges from the start date.
CEO Chris O’Shea reiterated support for a targeted social tariff for vulnerable households as a longer-term affordability measure.
