Electricity generators threatened with higher windfall taxes in bid to ensure stable prices

Move marks government’s most radical attempt to weaken impact of soaring wholesale gas prices on electricity costsClean energy generation exceeded rise in global electricity demand in 2025Electricity generators will face higher windfall taxes unless they sign up to long-term fixed-price contracts under government plans to protect bill payers from future gas market price shocks, as the Iran war pushes up energy prices.The Treasury will increase a windfall tax on excess profits made by electricity generators in Great Britain from 45% to 55% when gas prices spike. The funds raised will help the government to support households during an energy crisis. Continue reading...


5 d.
Economics
ID: 131952912777161802


Similar News expand_more


Weather
Economics
Economics
Real Estate
Weather
Economics
Real Estate
Real Estate
Economics
Economics
Economics
Economics
Real Estate
Weather
Economics
Real Estate
Economics
Weather
Economics
Real Estate
Weather
Real Estate
Weather
Real Estate
Economics
Economics
Economics
Automotive
Real Estate
Real Estate
Automotive
Economics
Real Estate
Automotive
Weather
Economics
Economics
Real Estate
Economics
Weather
Real Estate
Economics
Automotive
Automotive
Economics
Automotive
Weather
Economics
Weather
Popular countries based on strong economic and political relations

Add Watch Country

arrow_drop_down