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The National (Scotland)
The National (Scotland)
National
Craig Meighan

UK energy industry to make £170bn in excess profits, leaked analysis reveals

The soaring price of wholesale gas is leading to huge profits for energy producers

THE UK’s top energy generators are estimated to make more than £170 billion in excess profits over the next two years, leaked analysis from the Treasury has revealed.

The leak, reported in Bloomberg News, reportedly showed that about 40% of excess profits are set handed to the major power producers as energy providers are hit with rising wholesale costs.

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