RenewableUK’s CEO, Dan McGrail, said: “This windfall tax on low-carbon power risks deterring investment, at a time when the chancellor should be incentivising clean energy. Unlike in oil and gas, under this levy companies that are making significant investments in renewables will get no tax relief and will be hit by a higher windfall rate. “Any new tax should have focused on large, unexpected windfalls right across the energy sector, instead profits at fossil fuel plants are inexplicably exempted from … read more »
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