Quote:
Originally Posted by Hugh
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Yes, but that designation misses an important nuance. Going after Shell or BP would be a straight up windfall tax because they have made exceptional profits at a time the market has created unexpectedly favourable conditions for them. The renewable electricity producers on the other hand are benefiting from an entirely rigged market. The rules that brought this about weren’t intended to produce these consequences, although the outcome wasn’t entirely unforseeable.
These measures are a short term fix. Hopefully meaningful market reforms will follow once adequate planning is completed.