Brits set to save £100 on electricity bills as ministers plan to slash green taxes

MINISTERS are planning to slash green taxes on electricity bills — saving families up to £100 a year.

The move, pitched as a rebalancing of levies on different energy sources, will help the 2.1million homes across England and Wales with electric-only heating.

At present, about 12 per cent of electricity bills is made up of environmental and social levies, which cost the typical household £119 a year.

In contrast, green levies on gas are just 3.4 per cent — or £33 a home.

This week, Energy Secretary Grant Shapps will announce a consultation on the levies, which have been in place since 1989.

Writing in The Sun on Sunday, Mr Shapps revealed: “I want to remove the distortions in the energy market, which could take £100 off your electricity bill.”

Earlier this month the Treasury extended the Energy Price Guarantee scheme until June to help with energy costs.

The cap will stay at £2,500 for three more months.

Analysts expect energy bills to return to pre-Ukraine invasion levels in the summer.