The UK Energy Industry Is On Edge About A Potential Profit Cap ...Middle East

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The UK Energy Industry Is On Edge About A Potential Profit Cap
source : OILPRICE ( Middle East ) () 15
Energy executives in the UK are worried about the impact that a profit cap proposed by the government would have on their operations, especially with regard to investor attraction. The UK government proposed a measure similar to the EU’s windfall profit tax on energy utilities that do not use gas for power generation, only it has called it a “cost-plus revenue limit”. Again, it is aimed at electricity producers that do not use natural gas for their operations, namely, wind, solar, and nuclear power utilities. An undesired side…

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