{"id":236811,"date":"2022-12-29T20:52:57","date_gmt":"2022-12-29T19:52:57","guid":{"rendered":"https:\/\/climatescience.press\/?p=236811"},"modified":"2022-12-29T20:53:01","modified_gmt":"2022-12-29T19:53:01","slug":"uk-government-could-face-lawsuit-if-it-implements-a-windfall-tax-on-renewables","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=236811","title":{"rendered":"UK Government Could Face Lawsuit If It Implements A Windfall Tax On Renewables\u00a0"},"content":{"rendered":"\n
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From Tallbloke’s Talkshop<\/a><\/p>\n\n\n\n

December 29, 2022 by\u00a0oldbrew<\/strong><\/p>\n\n\n\n

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[image credit: beforeitsnews.com]<\/p>\n\n\n\n

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Looks a tad optimistic. Nobody forced wind farm developers to bump up their prices to match the massive increases in gas and electricity charges. Invoking \u2019net zero\u2018 seems a bit of a cheek when they\u2019re blatantly chasing maximum profits.<\/em>
\u2013 \u2013 \u2013
A Cheshire wind farm developer has threatened to sue the UK government over its plans to impose a \u2018windfall tax\u2019 on renewables companies, reports OilPrice.com<\/a>.<\/em><\/p>\n\n\n\n

Community Windpower \u2013 which owns 1.5 GW of UK wind generation capacity \u2013 has said it will take legal action to block the UK\u2019s Electricity Generator Levy.<\/p>\n\n\n\n

The temporary tax imposes a 45 percent levy on \u201cexceptional receipts\u201d of more than \u00a310m generated by selling wholesale electricity at average prices exceeding \u00a375 per MWh.<\/p>\n\n\n\n

Community Windpower has instructed London law firm Mishcon de Reya in its bid to block the new levy by way of judicial review.<\/p>\n\n\n\n

Mishcon de Reya has written to the UK government, warning them they will take legal action if they push forwards with the levy, on the basis that the new tax contravenes the government\u2019s own Net Zero strategy.<\/p>\n\n\n\n

Mishcon partner Alexander Rhodes said: \u201cThe way this levy has been designed is completely at odds with the Government\u2019s own stated objectives to transition the UK to a net zero economy and develop a secure supply of clean energy.\u201d<\/p>\n\n\n\n

\u201cThis levy cuts across those ambitions, contrary to the Government\u2019s own legislated goals and legal responsibilities,\u201d Rhodes said.<\/p>\n\n\n\n

The new levy on electricity producers is set to come into force on 1st January 2023, after first being announced in the Autumn statement, and remain in place until 31st March 2028.<\/p>\n\n\n\n

Full report here<\/a>.<\/em><\/p>\n\n\n\n

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Looks a tad optimistic. Nobody forced wind farm developers to bump up their prices to match the massive increases in gas and electricity charges. Invoking \u2019net zero\u2018 seems a bit of a cheek when they\u2019re blatantly chasing maximum profits.<\/p>\n","protected":false},"author":121246920,"featured_media":236817,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_crdt_document":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":{"0":"post-236811","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-uncategorized","9":"fallback-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/12\/image-941.png?fit=1200%2C585&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-ZBx","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/236811","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/users\/121246920"}],"replies":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=236811"}],"version-history":[{"count":4,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/236811\/revisions"}],"predecessor-version":[{"id":236818,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/236811\/revisions\/236818"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/media\/236817"}],"wp:attachment":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=236811"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=236811"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=236811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}