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Budget
-
Press Releases
Response to the extension of the Energy Profits Levy
Kate Mulvany, Principal Consultant at Cornwall Insight said: “Increasing the duration of the oil and gas windfall tax (Energy Profits Levy) could be seen as positive for decarbonisation if the resulting profits are used to deliver the UK's net zero plan. Yet, without a solid transition strategy away from the...
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Press Releases
Cornwall Insight responds to the Spring Budget
Robert Buckley, Head of Relationship Development at Cornwall Insight: “Once again, a UK budget has seen some significant energy policy announcements that will stir up conversation and opinion across the country. It also shows how reining in energy prices is seen as key to restraining inflation. “The pre-budget announcement to...
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Press Releases
Cornwall Insight responds to the Autumn Statement
Dan Atzori, Research Partner at Cornwall Insight: “The energy announcements from the government's Autumn Statement today will be felt across households, businesses and throughout the UK energy market. “The extension of the Energy Price Guarantee (EPG) from April 2023, albeit at the higher £3,000 per year for an average consumer,...
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Press Releases
Imposing a windfall tax on renewables generators would be disproportionate to profits
The share price data of Oil and Gas companies (O&G), large electricity generators (GenCos), and Listed Renewable Funds, analysed by Cornwall Insight, has shown extending the windfall tax to include renewable generators would be disproportionate and unfair given the difference in profit. Cornwall Insight have also warned the impact of...
