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UK Sets Price Floor for Windfall Energy Profits Tax

Copyright © 2023 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.
Published:
Fri, Jun 9, 2023
Author
Deb Kelly, London
Editor
Andrew Kelly
Electric,Meter,Europe,Notes,Coins,Currency,Price,Cap,Natural,Gas,Supply,Demand
Alex Yeung/Shutterstock

The UK government has announced a price floor mechanism for the windfall profits tax on North Sea oil and gas producers — a move intended to support upstream investment and bolster the security of energy supplies.

Topics:
Fiscal Terms, Policy and Regulation, Offshore Oil and Gas, Upstream Projects
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