Energy firms warn against extending windfall tax to renewables
Applying a windfall tax to renewable energy could threaten the government’s energy strategy, sources say. …
Energy experts also point out that there is no reason future investment in renewables should suffer, as they would be exempt from any windfall tax as projects are now auctioned with a fixed price for the power they ultimately produce and therefore it would be impossible for the companies to make excess profits if prices for electricity rise. Any windfall tax would be levied on older existing renewable income.
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