UK Government Could Face Lawsuit If It Implements A Windfall Tax On Renewables 

Tallbloke's Talkshop

[image credit: beforeitsnews.com]
Looks a tad optimistic. Nobody forced wind farm developers to bump up their prices to match the massive increases in gas and electricity charges. Invoking ‘net zero’ seems a bit of a cheek when they’re blatantly chasing maximum profits.
– – –
A Cheshire wind farm developer has threatened to sue the UK government over its plans to impose a ‘windfall tax’ on renewables companies, reports OilPrice.com.

Community Windpower – which owns 1.5 GW of UK wind generation capacity – has said it will take legal action to block the UK’s Electricity Generator Levy.

The temporary tax imposes a 45 percent levy on “exceptional receipts” of more than £10m generated by selling wholesale electricity at average prices exceeding £75 per MWh.

View original post 167 more words

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.