Reports: Expansion of windfall tax expected to hit clean energy profits

Cecilia Keating
clock • 3 min read
Hunt and Sunak discuss the upcoming fiscal event | Credit: Number 10 Flickr
Image:

Hunt and Sunak discuss the upcoming fiscal event | Credit: Number 10 Flickr

PM and Chancellor reportedly intend to extend Energy Profits Levy to solar, wind, and nuclear generators as part of plans to increase rate on oil and gas firms

The Prime Minister and Chancellor are set to press ahead with a windfall tax on renewable energy generators, as they finalise plans to plug a portion of the UK's fiscal deficit by increasing taxes on the...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech developments
  • Stay in the know with our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Tap into our extensive archive of exclusive articles, news, analysis and guides
  • Access our Intelligence Reports and exclusive data-rich studies on business-critical aspects of the green economy (BG Advanced members only)
  • Choose from 3 paid membership levels or start a 7-day no strings trial

Join nowTry 7 day trial

 

Already a BusinessGreen member?

Login

More on Energy

IRENA: Global renewables capacity grows a record 9.6 per cent

IRENA: Global renewables capacity grows a record 9.6 per cent

Global renewables industry defies energy crisis to deliver a record 295GW of new capacity, but industry warned step change in deployment rates still required

Stuart Stone
clock 22 March 2023 • 2 min read
'Too low and too tight': Clean energy auction budget will discourage investment, sector warns

'Too low and too tight': Clean energy auction budget will discourage investment, sector warns

Trade bodies and analysts urge government to reverse plan to reduce budget allocated for upcoming renewables auction

Cecilia Keating
clock 17 March 2023 • 3 min read
E.ON plots European electricity infrastructure investment spree

E.ON plots European electricity infrastructure investment spree

CEO of energy generation and supply business eyes 'big growth potential' as energy transition gathers pace

Cecilia Keating
clock 15 March 2023 • 2 min read