
Electricity generators threatened with higher windfall taxes in bid to ensure stable prices
Move marks government’s most radical attempt to weaken impact of soaring wholesale gas prices on electricity costs Clean energy generation exceeded rise in global electricity demand in 2025 Electricity generators will face higher windfall taxes unless they sign up to long-term fixed-price contracts under government plans to protect bill payers from future gas market price shocks, as the Iran war pushes up energy prices. The Treasury will increase a windfall tax on excess profits made by electr














