Wholesale Energy Prices

threpny_bit

Given that the wholesale prices include the taxes and levies on the north sea operations with Gov. revenue forecast of £7.8 bn for 22/23 (search the Office of Budget Responsibility/ north sea oil & gas revenues) [Im new here so I can’t post links ] surely there are funds available for subsidies. 

And with regard to an argument that the energy companies cannot accommodate reducing spot prices I would feel more sympathetic if the inverse  were true ie when spot prices rise. 

ariarnia

there are always funds available for subsidies. taxes bring money into the treasury then the government spend it. that's how it works. 

what do you want the government to not spend money on so they can spend money on this? or do you want them to borrow money to spend money on this? 

Section62

threpny_bit said:

Given that the wholesale prices include the taxes and levies on the north sea operations with Gov. revenue forecast of £7.8 bn for 22/23 (search the Office of Budget Responsibility/ north sea oil & gas revenues) [Im new here so I can’t post links ] surely there are funds available for subsidies. 

And with regard to an argument that the energy companies cannot accommodate reducing spot prices I would feel more sympathetic if the inverse  were true ie when spot prices rise. 

The government has already allocated £37bn.  That's £29.2bn more than the revenue forecast you've identified.

Where were you thinking that additional funds could come from?