Current± caught up with the energy sector, to find out their reactions to the recent increase in support funded by a windfall tax of oil and gas companies.
Chancellor Rishi Sunak has announced a windfall tax of 25% on oil and gas companies in the UK, alongside further measures to support consumers amid record high power prices.
Following Ofgem unveiling the new price cap, Current± took a look at how those in the energy sector and beyond reacted to the government’s mitigation actions.
Chancellor Rishi Sunak unveiled the eagerly anticipated Budget this afternoon, including support for a “world-first” infrastructure bank and at least £15 billion in green bonds.
Measures to improve the UK's green infrastructure - including the creation of a UK infrastructure bank, a ramping up of electric vehicle policy and funding for hydrogen and carbon capture and storage - have been detailed by the government.
Little was announced as part of this afternoon’s Spending Review that directly related to the energy sector, despite Chancellor Rishi Sunak stating that the government was "setting the direction" for green energy.