Now the windfall tax debate gets interesting. Rishi Sunak and his Treasury officials have noticed what should have been obvious from the off. It’s not just North Sea oil and gas producers, the popular bogeymen, that are making bumper profits in current conditions. Some electricity generators are too.
And, possibly awkwardly for a government that says it wants to give renewables a push, windfarms and solar assets are providing unexpectedly lovely returns for some owners.
