天美影院

The levy is applied to receipts of a 鈥榞enerating undertaking鈥� which will include not just stand-alone companies, but all the members of a group that contains one or more companies that operate a relevant generating station.

The charge is based on the amount of receipts from sales of electricity on a wholesale basis that exceed a 鈥渂enchmark price鈥� per Megawatt hour (MWh). Certain costs may be deducted but the EGL is not a tax on profits. EGL is only chargeable on receipts exceed an allowance of 拢10 million in a qualifying period, based on a corporation tax accounting period.

Smaller generators who supply no more than 50,000 MWh per annum are not chargeable, the operation of this 鈥渓evy threshold鈥� is explained at EGL12000.