The Electricity Bills Taskforce published a package of eight "Essential Actions" on 23 October 2026, setting out reforms it estimates would lower household and business electricity bills by approximately 20% by 20301. The call for the government to deliver the actions is backed by 20 organisations, including major energy suppliers, business representatives, consumer advocates, academia and charities1. Energy Live News reports that the coalition estimates the measures would save the average household over £300 a year2.
E3G, which published the report with contributions from taskforce members, projects that the full package would cut a typical household electricity bill in 2030 from £956 to £6411. The largest single saving in its figures comes from moving all levies from electricity bills to general taxation, which it says lowers bills by £150 per household and 16% for businesses in 2030, at a cost of roughly £8 to 10bn a year from now to 20301. Other measures include a strategy to reduce the cost of energy debt (£45 per household), preventing excess profits in the wholesale market (£60), consumer-led flexibility (£33), affordable network build (£20) and faster modernisation of system operation (£20)1. E3G says the flexibility saving is spread across the other areas1.
The report states that only two actions can lower bills immediately: removing levies and improving targeted support for households in fuel poverty and trade-exposed businesses1. It puts the cost of these short-term measures at roughly £10 to 11bn a year to 2030, tailing off each year1. On targeted support, it recommends an additional £2bn to help an extra 3 million households, up from 6 million today, with support increased by £250 per household1.
"The once-again rising gas price is set to further fuel inflation and the cost-of-living crisis in the UK, with electricity bills not projected to fall again until the 2030s."
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."2
| Essential Action | Estimated saving, 2030 |
|---|---|
| Move all levies to general taxation | £150 per household; 16% for businesses |
| Prevent excess profits in wholesale market | £60 per household; 7% for businesses |
| Reduce the cost of energy debt | £45 per household |
| Consumer-led flexibility | £33 per household; 4% for businesses (spread across other areas) |
| Affordable network build | £20 per household; 2% for businesses |
| Faster modernisation of system operation | £20 per household; 3% for businesses |
Source: E3G1. The report does not give a separate per-household figure for actions 7 and 8.
Why it matters for households
The package addresses the components that make up an electricity bill, and several of its proposals would change how wholesale gas and electricity prices feed through to what households pay. Removing levies would shift costs currently recovered through bills onto general taxation, while the debt and targeted support measures concern households already struggling to pay. E3G says bills are not projected to fall again until the 2030s without intervention, and Energy Live News reports a predicted 16% rise in the price cap in January 20271. The report's figures are projections based on Cornwall Insight data and taskforce analysis, not confirmed policy, and E3G notes the potential for savings depends on the exact package the government puts together1. The wider context is set out in our guide to energy bills and energy independence.
What happens next
The package was published ahead of the Autumn Budget on 28 October2. The government has not been reported as having responded to the recommendations or committed to any of the eight actions.