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UK Sees Up to £170 Billion Excess Profits for Energy Firms

  • Estimates over next two years show potential of windfall tax
  • Winter energy bills set to rocket to triple level of last year
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WATCH: Over the next two years, UK energy firms could make excess profits totaling as much as £170 billion ($199 billion), according to Treasury estimates.Source: Bloomberg
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UK gas producers and electricity generators may make excess profits totaling as much as £170 billion ($199 billion) over the next two years, according to Treasury estimates that lay bare the revenue-raising potential of a windfall tax.