Tag: Energy Bills

Forecast shows a hard winter on the horizon after July price cap rise

Energy bills are now forecast to rise by £209 to £1,850 from July, a 13% increase on the current £1,641 cap, according to Cornwall Insight.

The analysts confirm that main driver is rising wholesale prices following US and Israeli missile strikes on Iran, damage to Gulf energy infrastructure, and the closure of the Strait of Hormuz.

The costs represent an 8% year-on-year increase, but October is now also being flagged by experts as an even greater concern, with current forecasts pointing to a similar cap level.

Despite recent moves by the Government to bring down the cost of energy, compared to winter 2020/21, the forecast represents an average energy bill that is £808 higher than before the Russian invasion of Ukraine.

Ofgem will make its final announcement of energy costs on 27 May.

A spokesperson for the End Fuel Poverty Coalition commented:

“Energy companies have made more than £3 billion in profits in the last three months on their UK operations and energy bills are now set to rise.

“Households are being asked to absorb an increase driven entirely by conflict and instability in the Middle East, while the industry that profits from the volatile gas market continues to cash in.

“We are also now able to see the clear danger that will come in October if the cap stays at a similar level. If bills remain high when heating season begins, millions of households already in energy debt or struggling to keep their homes warm will face an extremely difficult winter.

“Households need reassurance and support, not a summer of suspense. That means the Government must act before winter to spell out what support will be available.”

“The only lasting answer to the seemingly permanent energy bills crisis is to reduce our dependence on gas and the volatile markets that drive our energy bills. That means boosting energy efficiency and renewables and every year we delay that transition is another year households pay the price.”

Dr Craig Lowrey, Principal Consultant at Cornwall Insight, said:

“Short-term support can protect the most vulnerable households, but it won’t address the underlying problem.

“While Government’s plans, such as proposals to decouple electricity prices from gas, are well-intentioned, and in time they could make a small difference, gas is still likely to set the price the majority of the time, so consumers won’t feel a substantial change.

“Building out our renewable capacity is the only real path to bills that aren’t as exposed to events thousands of miles away. It won’t be cheap, and bills will not see an immediate drop, but that is the direction of travel if we want genuine, lasting stability.”

The UK’s wealthiest are getting wealthier according to new study

The Sunday Times Rich List, published online today with the full print edition following on Sunday, documents the fortunes of the UK’s 350 wealthiest individuals and families.

Their combined wealth has risen to £784 billion, a sum larger than the annual GDP of Belgium, Sweden and Israel combined, even as the number of UK billionaires has fallen from a peak of 177 in 2022 to 157 today.

Today’s release covers the top 20. The full list, published Sunday, will reveal where energy company owners and executives sit in the rankings.

A spokesperson for the End Fuel Poverty Coalition commented:

“The Sunday Times Rich List is an annual reminder of where wealth accumulates in the UK economy, and where the costs fall.

“As the combined wealth of Britain’s 350 richest has risen, the rest of the country faces a renewed cost of living crisis.

“In less than two weeks, Ofgem will announce how much average energy bills will increase starting 1 July. But when the full Rich List is published on Sunday, it will be worth looking for the energy names on it who are profiting from high energy costs.

“We already know that energy firms made £26.2 billion in profit in just the first three months of 2026 and oil and gas company bosses have seen their personal stakes in the industry rise as conflict in the Middle East pushes up the prices households pay.

“The Rich List documents who has gained from the system and now the Government needs to correct the balance. Taxing excess wealth and profiteering fairly could mean revenues to support struggling households, cut energy debts and invest in the insulation and renewable energy that will get the country off the fossil fuel price rollercoaster.”

Households can’t afford a Government distracted

While Westminster descends into political chaos, marked by the resignation of the English Health Secretary Wes Streeting, Ofgem will confirm an expected rise in energy bills in less than two weeks.

In a letter sent to the current Prime Minister earlier this week, charities outlined four policies that must be in place by the time regulators announce the new price cap.

The signatories called for enhanced financial support for households this winter, including an improved Warm Home Discount and action on energy debt; completion of the break between electricity prices and volatile gas markets; expanded support for solar, heat pumps, insulation and electric vehicles, particularly for lower-income households; and a commitment to staying the course on clean power.

The letter also set out plans for introducing a Warm Homes Guarantee to ensure lower bills, provide independent advice, establish clear consumer rights, offer fast redress if energy efficiency installations go wrong and include protections for renters.

Recent polling for the Energy and Climate Intelligence Unit found that the cost of living was the top driver of voting intention overall and energy bills were the single biggest cost-of-living concern among voters in the recent elections.

Simon Francis, Coordinator of the End Fuel Poverty Coalition, said:

“Whatever happens in Westminster, the energy bills crisis will not wait, and neither can the households depending on the Government to act.

“In less than two weeks, households will learn how much their energy bills will increase. Ministers must set aside the power struggle and stay focussed on the day job.

“Before the end of the month, the Government must be ready with a package of support for vulnerable households and those in energy debt now, while urgently reforming electricity prices to bring down costs for everyone. Every day of distraction jeopardises any progress that has been made in developing such support and means households may not get the help they need.

“Longer term, Ministers must make sure that more households, especially those on lower incomes, can make the switch to clean electricity and feel the savings in their bills. That means breaking the link between electricity and gas prices for good, and rapidly expanding support for solar panels, heat pumps, insulation and electric vehicles. These reforms also require political drive to make sure they happen as soon as possible.”

Civil society urges Government to go further and faster on energy bills crisis

More than 40 charities and civil society organisations have written jointly to the Prime Minister, Chancellor and Secretary of State for Energy Security calling for urgent action to protect households from rising energy bills before this winter.

The open letter [1] warns that without further intervention “millions of households will continue to suffer.”

It comes as energy bills are forecast to rise by 18% in July and a further 4% in September. Polling for the Energy and Climate Intelligence Unit found that the cost of living was the top driver of voting intention overall and energy bills were the single biggest cost-of-living concern among voters in the recent elections.

The letter acknowledges steps already taken by the government, including the November Budget decision to move the cost of the Renewables Obligation from bills to general taxation, the additional £1.5 billion for the Warm Homes Plan, and the 21st April package accelerating the clean energy transition.

But the signatories warn these measures risk being “wiped out before households feel them” unless ambition is increased.

The letter sets out four specific actions: enhanced financial support for households this winter, including an improved Warm Home Discount and action on energy debt; completion of the break between electricity prices and volatile gas markets; expanded support for solar, heat pumps, insulation and electric vehicles, particularly for lower-income households; and a commitment to staying the course on clean power rather than new oil and gas extraction.

On the transition to moving away from fossil fuels to clean energy, the letter points to growing public appetite for change, citing heat pump orders more than doubling in March compared with February, solar installations up 80% and electric vehicle leases up 85%.

According to End Fuel Poverty Coalition research with Survation, majorities of voters across all main parties say they either already have technology to reduce their energy use and lower their bills, or that rising prices following the conflict in Iran have made them more likely to want it. Labour voters lead on 67%, followed by Lib Dems (65%), Greens (61%), Reform (58%) and Conservatives (55%). [2]

The signatories are also calling for a Warm Homes Guarantee [3] to ensure lower bills, provide independent advice, clear consumer rights and fast redress if installations go wrong, alongside protections for renters.

Despite a potential leadership challenge to the Prime Minister, the letter urges the Government to prioritise the forthcoming Energy Independence Bill after the King’s Speech, describing it as the vehicle to “make our energy cheaper, cleaner, fairer and more secure.”

Lord John Bird, a crossbench peer, signed the letter on behalf of the Big Issue and said:

“The British public punished the government at the ballot box last week for not going fast or far enough on cost-of-living pressures. Voters are fed up with being pummelled by rising household bills they simply can’t afford.

“People need to feel the change being promised in their everyday lives by the time winter rolls back in. Lower bills in warmer homes would be a good place to start.”

Simon Francis, Coordinator of the End Fuel Poverty Coalition who helped organise the letter, added:

“Voters are clearly worried by the impact of the latest energy price crisis, and are already turning in record numbers to technologies like solar power to free themselves from soaring oil and gas prices. 

“The Government must now make sure that more households, regardless of their wealth, can make that switch to clean electricity too and feel the savings in their bills now. 

“That means breaking the link between electricity and gas prices for good, and rapidly expanding support for solar panels, heat pumps, insulation and electric vehicles, especially for lower-income households who have the most to gain but the least ability to act alone.

“Ministers need to be on the side of bill payers, not billionaires and go much further and faster to get us off the fossil fuel rollercoaster for good.”

Jackie O’Sullivan, Executive Director of Strategy and Influence at learning disability charity Mencap, said:

“Rising energy bills hit people with a learning disability hard. Many have no choice but to use more energy – for specialist equipment, to heat their homes for longer, to simply stay safe and well. The Government has taken positive steps, but must act to tackle the crushing energy debt crisis, widen the Warm Home Discount, and deliver a social tariff that protects those with the highest unavoidable energy costs.”

Frazer Scott, CEO Energy Action Scotland, another signatory commented:

“Far too many people are trapped in a vicious cycle of debt and despair, unable to heat their homes and feed their families. Essential energy is out of reach in an enduring crisis. Break the cycle, reduce costs and increase help for those that need it most. People over profit.” 

Jan Shortt, General Secretary, National Pensioners Convention, said:

“It is totally wrong that customers are always expected to pay the ever increasing price of energy.  Older people, particularly those with complex health conditions, need warmth and comfort even in warmer weather.  Whilst the government has taken some steps the message at the ballot box was not enough to help households stay out of debt.”

ENDS

[1] The full letter can be read as a pdf: https://www.endfuelpoverty.org.uk/wp-content/uploads/260512-PM-Kings-Speech-Letter.pdf

[2] Survation were commissioned by the End Fuel Poverty Coalition to interview 2,047 people from 2-7 April 2026. Data were weighted to the profile of the UK. Data was weighted by respondent’s sex, age, region, household income, highest qualification, and past vote (GE24, EU16).

[3] A separate letter [pdf] to the Minister for Energy Consumers on 11 May asked the Government to introduce a Warm Homes Guarantee. At its core, this must ensure that every household receiving publicly funded energy efficiency upgrades sees a tangible reduction in their energy bills, alongside improved comfort and living standards.

WARM Homes Guarantee

W: Warmth & wellbeing outcomes.

Homes must be demonstrably warmer, healthier and safer to live in, with outcomes measured in real-world conditions, not just installations signed off on paper.

A: Advice you can trust.

Every household receives independent, high-quality advice before and after work is done, delivered in a format that works for them. This includes support for the digitally excluded, help navigating choices, benefits and tariffs, and practical hand-holding, not just signposting to installer lists.

R: Rights, redress and protection.

Clear accountability, strong consumer protections and fast routes to remediation when things go wrong, including compensation and repairs. For renters, this also means protection from rent hikes or eviction linked to upgrades.

M: Measured and fair energy costs. 

A clear, enforceable commitment that upgrades will deliver fair outcomes on energy costs (either lower bills or improved warmth and comfort for the same spend) backed by monitoring, transparency and redress where expectations are not met.

Cost of living topped list of voters’ concerns going into elections

New polling from the Energy and Climate Intelligence Unit (ECIU), conducted by More in Common in the days before the elections, reveals that the cost of living crisis was the dominant concern for voters going to the polls, with energy bills the single biggest pressure driving that anxiety.

In England, the cost of living was the top issue determining voting intention, cited by 39% of voters, with energy bills (62%), food shopping (61%) and fuel costs (39%) the three biggest specific concerns.

In Scotland, tackling the cost of living came top at 50%, with energy bills (62%), food shopping (63%) and fuel costs (39%) again the leading pressures.

In Wales, the cost of living was cited by 49% of voters as the top issue, with energy bills and food bills (both 61%) and fuel costs (46%) the primary concerns.

A spokesperson for the End Fuel Poverty Coalition said:

“Voters’ number one cost of living concern going into the Scottish, Welsh and English elections was energy bills, and the results reflect a demand for bold action that has been too slow to materialise.

“Yet energy companies generated over £26.2 billion in profits in the first three months of 2026 alone, and some party leaders are pushing to hand them a further tax break. 74% of the public believe it is morally wrong for oil and gas companies to profit by billions from this crisis, and voters are right to be angry.

“The challenge now is for governments at every level to translate voters’ clear priorities into action. That means holding the line on the Windfall Tax, using those revenues to protect households from the July price rise, and ending the over-reliance on expensive oil and gas that has driven this crisis from the start.”

The polling also challenges any reading of the results as a mandate for rolling back the drive for clean energy, which is designed to help reduce the UK’s exposure to volatile oil and gas prices.

In England, only 12% of those intending to vote Reform cited reversing climate policies as a driver of their support. In Scotland, the figure was just 7% among potential Reform voters and 5% among those planning to vote Conservative. In Wales, only around one in ten Reform voters said reversing climate policies was an important issue.

Support for renewable energy remains strong across all three nations. In England, 70% of voters back onshore wind, 72% back offshore wind and 73% back solar farms.

Even among potential Reform voters, majorities support onshore wind (56%), offshore wind (66%) and solar farms (59%). In Scotland, support for offshore wind among potential Reform voters stood at 65%. In Wales, nearly six in ten voters overall said a party’s commitment to tackling climate change was an important issue in the Senedd election.

Energy profits up as households brace for higher bills

Energy firms posted over £23.1 billion in profit from UK operations in 2025, according to new analysis of company reports. [1]

The figures, based on the returns of 30 companies heavily involved in the UK energy system, are an increase from £22.7 billion on 2024 numbers, but a slight decrease from the £27.6 billion posted in 2023 during the height of the Russian-triggered price shock.

The data does not take into account returns generated by the US-Israel conflict with Iran, where BP has already suggested it will make ‘exceptional’ returns and Shell could bank up to £5 billion in oil price profits. The next corporate profits season starts on Tuesday with BP posting its quarter one results.

Households on heating oil and LPG energy have already seen energy costs soar, prompting the Government to provide limited emergency relief and extend support for these households to move off oil and gas.

All households will see an increase in energy bills from 1 July when the next Ofgem price cap period starts.

According to the Common Wealth think tank, around a quarter of an energy bill is taken in profit by a range of firms involved in the industry. But while the Windfall Tax continues to be attacked by corporate lobbyists, the public back the Tax by a margin of two to one and ministers last week extended the tax paid by some energy giants.

Additionally, energy company bosses have been seeing their personal wealth grow off the  back of the current crisis, with Harbour Energy’s Linda Z Cook seeing the value of her shareholding rise by more than £4 million to £26 million in just the first four weeks of the conflict.

Simon Francis, The End Fuel Poverty Coalition said:

“These figures are a damning verdict on an energy system that is failing the people it is supposed to serve.

“Households were already struggling with rising bills before Russia invaded Ukraine and sent gas prices through the roof. Now Trump’s war in Iran is delivering a third hammer blow.

“While households face another bill rise in July and millions remain trapped in fuel poverty, the companies that control our energy supply are cashing in.”

Robert Palmer, Uplift Deputy Director, said:

“It’s appalling that while millions are worrying over energy bills, these figures show that even before the war in Iran, energy companies were raking in billions of profits.

“The war is going to make all of this worse – with higher energy bills for most of us, while around the world oil companies are making an obscene $30 million (£22 million) an hour in unearned profits.

“The UK’s dependence on oil and gas is making all of us poorer. All except for the oil bosses and their shareholders who, once again, are profiting at our expense.

“That’s why we must ramp up renewables, and upgrade homes with solar power, batteries and heat pumps. It is the only way to insulate ourselves from energy shocks and protect the climate. We also need to support those who need it most with financial help. We should be putting these profits back in people’s pockets, not making the public pay for what is a humanitarian and economic disaster.”

Researchers working for the End Fuel Poverty Coalition examined the declared profits of 30 energy firms, from across the industry, including producers such as Shell and Equinor, grid operators including National Grid and UK Power Networks and suppliers such as British Gas, as well as energy trading companies. Any firms posting losses in this period are taken into account and five firms monitored are yet to file accounts for 2025.

ENDS

[1] The data in this tracker has been collated from publicly available company reports and industry sources, with profits adjusted where possible to reflect UK operations. For multinational businesses, UK profit estimates are based on disclosed proportions of revenue, production, or operating assets attributable to the UK, or on reasonable assumptions using sector benchmarks where disclosure is limited. The figures are indicative, providing a consistent basis to assess trends in UK energy-sector profitability and its relationship to household energy costs. These measures differ from company to company due to reporting processes and regulatory requirements in different jurisdictions. In determining which measure of profitability to use, the research has prioritised the measure preferred in the company’s own accounts. The totals declared here include offsetting any losses made by some of the firms in some years of the period examined. 30 firms were monitored, with 26 making a profit over 5 years. One is yet to post results. These firms were selected by the researchers to create a cross section of the energy industry and to reflect those most frequently covered in the media.

Full information available at: https://www.endfuelpoverty.org.uk/news/energy-firm-profits-tracker/

Data as at 31 March 2026.

The data was compiled by freelance business journalist David Craik and examined and peer-reviewed by a business analyst with board-level experience within complex multinational businesses.

David’s experience has included writing business and city news and features for national newspapers and magazines such as The Daily Mirror, Sunday Times, Wall Street Journal, Scotsman and Daily Express. Much of his content focuses on company financial results and reports in the energy sector and on personal finance issues including wealth management, property, investing and managing household budgets and bills.

Energy bills due to increase 12% from 1 July

Energy bills are now expected to increase by £196 a year from 1st July.

While the new analyst projections are not as high as first feared, oil and gas wholesale markets remain volatile and households will face steep rises in their bills.

Cornwall Insight said its prediction for Ofgem’s cap from July to September now stands at £1,837 for a typical dual fuel household, an increase of 12% on April’s cap. In April, energy bills fell due to measures taken by the Government in the 2024 Budget.

Meanwhile, around 24 million people are worried about their ability to pay their energy bill over the next six months according to debt charity StepChange as it called for an energy social tariff to help struggling households.

A spokesperson for the End Fuel Poverty Coalition, said:
“The damage from the latest oil and gas price crisis is already baked into price cap predictions. Millions of households in fuel poverty are going to be asked to find more money for energy on top of prices that are already unaffordable.

“Fossil fuel wholesale markets remain volatile, global events continue to dictate what we pay for energy and families already struggling with energy debt have no buffer left to absorb further rises.

“A smaller than planned increase is not relief. It is still an increase that will push more people into crisis and generate higher profits for the oil and gas industry.

“The Government must set out what help is going to be available for households both in the short and long term.”

Public demands Government help to end exposure to energy price shocks

British households want to break free from the cycle of fossil fuel price shocks for good, with new polling showing that the ongoing conflict with Iran has prompted more than a third of adults to increase their interest in new technologies to cut their bills and reduce their exposure to volatile global markets.

Research by Survation for the End Fuel Poverty Coalition finds that 35% of the public have become more interested in home energy technology since the Iran conflict began. Of these people, 45% are now more interested in getting solar panels on their roofs, 36% would like more home insulation, 35% are more interested in the new plug in solar option and 26% are now more interested in getting a heat pump.

But with 60% saying such options are simply too expensive, the public is calling on the Government to act, with 71% wanting grants for insulation and 68% seeking support for solar panels and heat pumps.

With 83% of the public worried about energy bills and 44% saying they would be unable to afford the expected £228 annual increase in energy bills from 1 July, 73% want to see targeted support for households and 67% want to see help for all households with energy bills.

Heating Oil and LPG customers have already seen the cost of energy increase and as price rises loom for even more households from 1 July, a majority of the public (64%) believe that the energy industry is profiteering from the conflict in Iran and a majority say that ending the Windfall Tax now would be the wrong thing to do.

Simon Francis, End Fuel Poverty Coalition coordinator said:

“The public has had enough of history repeating itself. They want to protect themselves from oil and gas price shocks for good, and the Government has both the means and the mandate to help them do it.

“Energy firms made £125bn in profits on their UK operations over the last five years and companies like BP are already expecting bumper profits from the fresh crisis. The Windfall Tax revenue raised by the Treasury should be going further to help households cut their bills for good.

“The Government’s Warm Homes Plan is the right vehicle, but now is the moment to make it even more ambitious and to ensure it comes with a guarantee that every upgraded home will see energy efficiency improve and bills come down.”

Three-quarters of the public (76%) hold Donald Trump responsible for energy bill increases set to hit UK households, while 65% also blame the energy industry directly. The anger runs deep enough that 63% of respondents agree the increases amount to a Trump Tax on their bills.

Robert Palmer, Deputy Director of Uplift, added:

“People know they’re being hit with a Trump Tax, plain and simple. We’re facing higher energy bills, rocketing fuel prices and more expensive mortgages.

“Our dependence on fossil fuels is making all of us poorer. All except for the oil and gas bosses and their shareholders who – once again – are set to cash in at our expense.

“Now Trump is demanding that the UK doubles down on drilling. But we can’t drill our way out of this crisis. More drilling won’t take a penny off our bills, and would have no meaningful impact on the UK’s supply of gas. We’ve burned most of what was in the North Sea already.

“The only way to insulate ourselves from these risks is to press on with renewables, like wind, and upgrade our homes with solar power and heat pumps, so we can free ourselves from oil and gas and ensure we have a liveable planet. And this polling shows the public gets this, even if Donald Trump doesn’t.

“The Government needs to help people who want to upgrade their homes and have more control of their energy bills, as well as billpayers who are going to struggle.

“This is a Trump Tax, plain and simple. It’s likely to be a painful economic hit to the UK with higher energy bills, rocketing food prices and more expensive mortgages.”

ENDS

Survation were commissioned by the End Fuel Poverty Coalition to interview 2,047 people from 2-7 April 2026. Data were weighted to the profile of the UK. Data was weighted by respondent’s sex, age, region, household income, highest qualification, and past vote (GE24, EU16).

Research tables can be downloaded here.

Two-thirds of households fear for finances as energy bills set to rise

Research carried out for Lightning Reach, has found households suffering widespread financial anxiety, with two-thirds concerned about their finances over the coming months.

Nearly two-fifths said their financial situation had worsened compared with the same point last year. Three in ten had cut back on essentials including food and heating, while a quarter had used savings to cover everyday costs and one in six had borrowed from family or friends.

More than half of those surveyed said they were carrying debt, with 42% reporting that their debt had increased. Global instability has contributed to rising prices and higher mortgage rates, adding further strain to household budgets.

Despite the scale of financial difficulty, a quarter of people said they would not feel comfortable requesting financial support even if their situation required it.​​​​​​​​​​​​​​​​

Meanwhile, energy giant BP has said that it is now set for “exceptional” financial results in the first three months of the year after the Iran war sent the cost of oil soaring.

A spokesperson for the End Fuel Poverty Coalition, commented:
“These figures reflect what households across the country are living through. Cutting back on food and heating is not an abstract financial decision, it is a sign that the energy system based on volatile oil and gas prices is failing people.

“With forecasts pointing to a fresh energy bill rise from July, the pressure on household budgets is only going to intensify. The Government must use the next price cap period as a moment to act. Targeted bill support, action on energy debt and reform of how energy costs are structured would make a real and immediate difference to millions of households.

“And with the public backing the continuation of the Windfall Tax on energy firm profits by a margin of two-to-one, there is also a clear way to pay for this support.”

Iran conflict to cost the typical households £480 each

Rising energy costs triggered by the conflict in Iran are set to leave typical British households nearly £500 worse off this year, according to new analysis from the Resolution Foundation.

The thinktank calculates that the median working-age household, previously on track for modest income growth of 0.9%, could now see income fall by 0.6%, a swing worth around £480. Lower-income households will still see some benefit from the abolition of the two-child limit and above-inflation increases in Universal Credit, but the foundation estimates average income growth for the poorest fifth has been cut from 2.8% to just 1.2% as a result of the conflict.

The Foundation is urging ministers to accelerate work on a social tariff, a targeted support mechanism for lower-income energy users estimated and has the backing of former Conservative chancellor Jeremy Hunt, who estimated it would cost between £5bn and £10bn, but would sit within the Government’s fiscal rules. A Hunt-linked consultancy has previously estimated the Windfall Tax on energy firms could be generating excess revenue for the Treasury.

Meanwhile, Energy UK chief executive Dhara Vyas confirmed to media that a bill rise from 1 July is now inevitable, describing the market as “wildly unpredictable” given daily swings in global gas prices. She backed targeted support and called for accelerated investment in clean power as the only sustainable long-term answer to energy price volatility.​​​​​​​​​​​​​​​​

A spokesperson for the End Fuel Poverty Coalition commented:

“There is broad agreement that targeted support for struggling households is needed while clean power and improved energy efficiency is the long-term solution.

“New polling makes clear that the public understands the urgency of the here and now. Over four in ten people say they simply cannot afford the expected rise in bills this July, with many more worried about the impact of oil and gas prices on energy bills.

“Ministers should set out what support will be available and use the receipts from the Energy Profits Levy to pay for it. This Windfall Tax retains the support of voters and given that two thirds of the public believe energy firms are already profiteering from the Iran conflict, it is no wonder that voters back the Levy by a two-to-one majority.

“The Government should be listening to that public consensus, not to the powerful oil and gas lobbyists calling for the Windfall Tax to be ended just as energy profits are set to spike again.”