Sources said that Jeremy Hunt, the British finance minister, is looking at a significant increase in a windfall income tax on oil and natural gas companies and extending it to
Green power firms face windfall tax to fund lower energy bills
Jacob Rees Mogg, business secretary, has proposed a cap on the revenues of low-carbon electricity generators. This effectively amounts to a temporary tax on the sector’s profits.
Risk of three-hour daily blackouts this winter, in some areas of the UK says National Grid
If Britain is unable to import enough energy, it could face rolling blackouts in the winter.
How wind farms turned into huge money-spinners because of the energy price crisis
The 60 turbines of the Crystal Rig II wind farm, located in the Lammermuir Hills, have been powering homes for over a decade. In 2010, electricity prices were at £40
Ofgem sued for 80% increase to the energy price cap
One pressure group stated it will sue Ofgem for its 80% price-cap increase, which it claims will ‘devastate families’ in winter.
It may be more difficult to keep the lights on across Europe during winter than governments admit.
Every week, people involved in electricity trading in the UK have the opportunity to interview the managers of the national grid.
UK Energy bills to soar for millions as price cap hiked to £3,549
The rise in wholesale gas prices, fueled by Russia’s invasion of Ukraine, has pushed the price up, putting pressure on consumers already hardpressed.
UK Inflation to almost double to 18.6pc, economists Citigroup warn
Citigroup warns that Inflation could almost double to 18.6pc over the next few months, as energy prices rise.
UK Energy Bills Look Set To Soar towards £3,600 As Price Cap Sets to Rise
The UK’s household energy bills will rise by around 80% in October as the regulator lifts the limit on the amount suppliers can charge due to rising wholesale costs.
UK Energy giants could face a tougher windfall tax, as the bosses are summoned to crisis talks
Ministers will summon energy bosses to discuss crisis talks following the latest rise in predictions about energy bills this winter.
U.K. Homeowners Get £3 Trillion in Untaxed Property Gains
British homeowners have enjoyed an untaxed wealth of 3 trillion pounds ($4 trillion) from rising property values over 20 years.