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Electricity Generation: Taxation

Question for Treasury

UIN 900773, tabled on 28 June 2022

To ask the Chancellor of the Exchequer, what discussions his Department has had with (a) Cabinet colleagues and (b) stakeholders on the potential merits of a windfall tax on electricity generators.

Answered on

28 June 2022

On 26th May, the Chancellor announced that the Government was urgently evaluating the scale of extraordinary profits in the energy generation sector and the appropriate next steps.

As part of this process, officials have been engaging with industry stakeholders to gather evidence on energy generators’ level of profitability and the operation of their business models.

Answered by

Named day
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