It's something which has me thinking as most taxes being imposed do, there will be winners and losers both long and short term.
If we impose the windfall tax, we face the repercussions of higher prices from the energy companies so they can obtain any funds back. The government want to relieve the 4.5 million of us in fuel poverty but need the energy companies to assist.
The energy companies state that they need the extra cash to build new power stations and repair existing stations in order to have a better control on fuel prices. Also, any windfall taxes will deter any foreign investors from investing money.
The government will need around £100 billion to be in a position to build renewable power sources by 2012 in order to have 15% of all UK energy from renewable energy sources enforced by the EU. Most of this cash, the government are expecting off the energy companies.
So we are stuck......
by Arthur Russ 2 years ago
Having just had solar panels and a wall battery installed I recently published an article about our experience on HubPages, but with the comments section no longer available, by popular demand I’ve created this forum.In summary:-The system we’ve had installed is 10 x 380w solar panels (5 panels...
by Sharlee 20 months ago
For months now gas prices have topped $4 per gallon – The fact is this is more than double what we were paying just two years ago. Electricity costs are soaring as well, and are costing many from 25% to 40% more this summer. Let's face it these energy costs eat up a larger share of our...
by Peeples 6 years ago
Why isn't solar energy taking off more in the USA?
by Sharlee 2 years ago
With prices surging worldwide for heating oil, natural gas, and other fuels, the U.S. government said Wednesday it expects households to see their heating bills jump as much as 54% compared to last winter. https://apnews.com/article/business-pri … e25dff1983Gas prices rising...
by promisem 7 years ago
It also banned the phrase "emissions reduction".I'm hopeful that the Trump administration will soon ban other stupid phrases, such as "freedom of expression".http://www.politico.com/story/2017/03/e … ned-236655
by Arthur Russ 4 years ago
Why Are so Many Americans in Denial of Human’s Contribution to Climate Change, and the Harm its Doing to the Planet?The evidence is so clear, just to name a few:-• The correlation between the burning of fossil fuel since the start of the Industrial Revolution and the increase in Carbon...
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