Energy Transition

What is the UK energy windfall tax and why does it need to change?

Here, a professor of economics and public policy explains the different kinds of windfall taxes used by governments and why he believes investment incentives are unlikely to work in uncertain times. Image: Unsplash/matthewhenry

İrem Güçeri
Associate Professor of Economics and Public Policy, University of Oxford
Our Impact
The Big Picture
Explore and monitor how Energy Transition is affecting economies, industries and global issues
Crowdsource Innovation
Get involved with our crowdsourced digital platform to deliver impact at scale
Stay up to date:

Energy Transition

Graph showing the system average price, pence per kilowatt hour. windfall tax wholesale market
The average price of all gas traded on GB wholesale markets. When extraordinary profits are purely down to external factors, such sectors become prime targets for windfall taxes. Image: Conversation


How is the World Economic Forum driving the energy transition?

Have you read?
Don't miss any update on this topic

Create a free account and access your personalized content collection with our latest publications and analyses.

License and Republishing

World Economic Forum articles may be republished in accordance with the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Public License, and in accordance with our Terms of Use.

The views expressed in this article are those of the author alone and not the World Economic Forum.

Related topics:
Energy TransitionTaxesTechnological Transformation
Global Agenda

The Agenda Weekly

A weekly update of the most important issues driving the global agenda

Subscribe today

You can unsubscribe at any time using the link in our emails. For more details, review our privacy policy.

These start-ups are helping to make life in the Sahel more sustainable

Stefan Ellerbeck

March 24, 2023

About Us



Partners & Members

  • Join us

Language Editions

Privacy Policy & Terms of Service

© 2023 World Economic Forum