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Windfall tax
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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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Media Mentions
New Statesman| Interview with Gareth Miller CEO
In an interview with the New Statesman, our CEO Gareth Miller discussed potential energy challenges for the upcoming winter, as well as our price cap forecasts, the windfall tax, potential solutions to the energy crisis, and Cornwall Insight's plans for the future. New Statesman
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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...
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Media Mentions
City AM| Windfall tax on renewable generators
A windfall tax on renewables generators would be disproportionate Matthew Chadwick a Lead Research Analyst at Cornwall Insight told City AM. With renewables having made significantly lower profits and being vulnerable to higher interest rates, a windfall tax could harm the roll out of renewables across the country, damaging net...
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Press Releases
Cap on the excess revenues of renewable generators risks deterring investment
In response to the announcement of a consultation on a Cost-Plus-Revenue Limit which will put a cap on all excess revenues renewable generators are receiving. Tom Faulkner, Head of Assets and Infrastructure and Networks at Cornwall Insight said: “The introduction of a cap on the revenues of renewable generators is...
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Media Mentions
Current+| Decarbonisation and energy security
New research from Cornwall Insight and law firm Womble Bond Dickinson laid out what the UK government must do to achieve an affordable, sustainable and secure energy system and reach its goal of Net Zero by 2050. Naomi Potter spoke in Current+ on the challenges facing the UK as it...
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Press Releases
Windfall taxes are not the only solution to the energy crisis
Following the announcement from the Chancellor of the Exchequer that the UK government will be introducing a temporary, targeted energy profits levy, Dr Dan Atzori, Research Partner at Cornwall Insight said: “The energy market is in a state of transition, with geopolitical concerns threatening to undermine energy security and subsequent...
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Media Mentions
iNews| Windfall Tax
The government announced the temporary, targeted energy profits levy, or windfall tax designed to help consumers with the rising cost of energy bills. Research Partner Dr Dan Atzori spoke to iNews on why the tax may not be the most enduring solution for the energy bill crisis. Besides giving all...
