{"id":85111,"date":"2026-03-10T11:19:33","date_gmt":"2026-03-10T11:19:33","guid":{"rendered":"https:\/\/www.lse.ac.uk\/granthaminstitute\/?post_type=news&#038;p=85111"},"modified":"2026-03-10T11:19:34","modified_gmt":"2026-03-10T11:19:34","slug":"scrapping-north-sea-windfall-tax-would-not-reduce-uk-energy-bills-say-experts","status":"publish","type":"news","link":"https:\/\/www.lse.ac.uk\/granthaminstitute\/news\/scrapping-north-sea-windfall-tax-would-not-reduce-uk-energy-bills-say-experts\/","title":{"rendered":"Scrapping North Sea windfall tax would not reduce UK energy bills, say experts"},"content":{"rendered":"<!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<?xml encoding=\"UTF-8\"><p><a class=\"link link--external\" href=\"https:\/\/www.theguardian.com\/business\/2026\/mar\/10\/north-sea-windfall-tax-rachel-reeves-uk-energy-bills-experts?CMP=Share_iOSApp_Other\" aria-describedby=\"link-description-new-window\" target=\"_blank\" rel=\"noopener\" title=\"\">Guardian&#65279;<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"0 0 16 16\" role=\"img\" aria-hidden=\"true\"><path d=\"M14.42 1.04L3.2.7a.8.8 0 00-.8.76v.1a.8.8 0 00.76.7l9.39.3L.93 14.16c-.3.3-.3.8 0 1.1l.09.08c.3.23.73.2 1.01-.07L13.65 3.65l.29 9.4a.8.8 0 00.8.76.79.79 0 00.77-.8L15.17 1.8a.82.82 0 00-.75-.76z\" fill=\"#2e3152\"><\/path><\/svg><\/a>, 10 March 2026<\/p>\n\n","protected":false},"excerpt":{"rendered":"<!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<?xml encoding=\"UTF-8\"><p>&ldquo;Premature for the government to consider removal of the energy profits levy&rdquo;, Bob Ward confirms for the the Guardian. <\/p>\n\n","protected":false},"author":63,"featured_media":54788,"template":"","tags":[1816,1160,1133,2084,1181,4664,1180,437,106],"news-category":[73],"topic_area":[],"class_list":["post-85111","news","type-news","status-publish","has-post-thumbnail","hentry","tag-iran","tag-just-transition","tag-net-zero","tag-north-sea","tag-oil","tag-oil-and-gas","tag-oil-and-gas-industry","tag-uk","tag-uk-policy","news-category-30-in-the-news"],"acf":{"show_translations_widget":{"ref_value":"field_6203d588c41e8","value":"0","type":false,"post_type":""},"exclude_from_sync":{"ref_value":"field_560538b0e7350","value":"0","type":false,"post_type":""},"rss_newsletter":{"ref_value":"field_54f5c2c1544d8","value":"","type":false,"post_type":""},"profile_link":{"ref_value":"field_52f164b5189e9","value":["bob-ward"],"type":"relationship","post_type":"profile"},"article_link":{"ref_value":"field_52eee3c7f0586","value":"","type":false,"post_type":""},"article_link_title":{"ref_value":"field_5322399d89d42","value":"","type":false,"post_type":""}},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Scrapping North Sea windfall tax would not reduce UK energy bills, say experts - Grantham Research Institute on climate change and the environment<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lse.ac.uk\/granthaminstitute\/news\/scrapping-north-sea-windfall-tax-would-not-reduce-uk-energy-bills-say-experts\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Scrapping North Sea windfall tax would not reduce UK energy bills, say experts - Grantham Research Institute on climate change and the environment\" \/>\n<meta property=\"og:description\" content=\"&quot;Premature for the government to consider removal of the energy profits levy&quot;, Bob Ward confirms for the the Guardian.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.lse.ac.uk\/granthaminstitute\/news\/scrapping-north-sea-windfall-tax-would-not-reduce-uk-energy-bills-say-experts\/\" \/>\n<meta property=\"og:site_name\" content=\"Grantham Research Institute on climate change and the environment\" \/>\n<meta property=\"article:modified_time\" content=\"2026-03-10T11:19:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-content\/uploads\/2021\/05\/iStock-1265573033-North-Sea-oil-smaller.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"667\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/news\\\/scrapping-north-sea-windfall-tax-would-not-reduce-uk-energy-bills-say-experts\\\/\",\"url\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/news\\\/scrapping-north-sea-windfall-tax-would-not-reduce-uk-energy-bills-say-experts\\\/\",\"name\":\"Scrapping North Sea windfall tax would not reduce UK energy bills, say experts - Grantham Research Institute on climate change and the environment\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/news\\\/scrapping-north-sea-windfall-tax-would-not-reduce-uk-energy-bills-say-experts\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/news\\\/scrapping-north-sea-windfall-tax-would-not-reduce-uk-energy-bills-say-experts\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/iStock-1265573033-North-Sea-oil-smaller.jpg\",\"datePublished\":\"2026-03-10T11:19:33+00:00\",\"dateModified\":\"2026-03-10T11:19:34+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/news\\\/scrapping-north-sea-windfall-tax-would-not-reduce-uk-energy-bills-say-experts\\\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/news\\\/scrapping-north-sea-windfall-tax-would-not-reduce-uk-energy-bills-say-experts\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/news\\\/scrapping-north-sea-windfall-tax-would-not-reduce-uk-energy-bills-say-experts\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/iStock-1265573033-North-Sea-oil-smaller.jpg\",\"contentUrl\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/wp-content\\\/uploads\\\/2021\\\/05\\\/iStock-1265573033-North-Sea-oil-smaller.jpg\",\"width\":1000,\"height\":667},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/news\\\/scrapping-north-sea-windfall-tax-would-not-reduce-uk-energy-bills-say-experts\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"News & commentaries\",\"item\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/news-and-commentary\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"In the news\",\"item\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/news-category\\\/30-in-the-news\\\/\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"Scrapping North Sea windfall tax would not reduce UK energy bills, say experts\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/#website\",\"url\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/\",\"name\":\"Grantham Research Institute on climate change and the environment\",\"description\":\"The Grantham Research Institute at LSE carries out world-class research on climate change and the environment.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Scrapping North Sea windfall tax would not reduce UK energy bills, say experts - Grantham Research Institute on climate change and the environment","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.lse.ac.uk\/granthaminstitute\/news\/scrapping-north-sea-windfall-tax-would-not-reduce-uk-energy-bills-say-experts\/","og_locale":"en_GB","og_type":"article","og_title":"Scrapping North Sea windfall tax would not reduce UK energy bills, say experts - Grantham Research Institute on climate change and the environment","og_description":"\"Premature for the government to consider removal of the energy profits levy\", Bob Ward confirms for the the Guardian.","og_url":"https:\/\/www.lse.ac.uk\/granthaminstitute\/news\/scrapping-north-sea-windfall-tax-would-not-reduce-uk-energy-bills-say-experts\/","og_site_name":"Grantham Research Institute on climate change and the environment","article_modified_time":"2026-03-10T11:19:34+00:00","og_image":[{"width":1000,"height":667,"url":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-content\/uploads\/2021\/05\/iStock-1265573033-North-Sea-oil-smaller.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Estimated reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/news\/scrapping-north-sea-windfall-tax-would-not-reduce-uk-energy-bills-say-experts\/","url":"https:\/\/www.lse.ac.uk\/granthaminstitute\/news\/scrapping-north-sea-windfall-tax-would-not-reduce-uk-energy-bills-say-experts\/","name":"Scrapping North Sea windfall tax would not reduce UK energy bills, say experts - Grantham Research Institute on climate change and the environment","isPartOf":{"@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/news\/scrapping-north-sea-windfall-tax-would-not-reduce-uk-energy-bills-say-experts\/#primaryimage"},"image":{"@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/news\/scrapping-north-sea-windfall-tax-would-not-reduce-uk-energy-bills-say-experts\/#primaryimage"},"thumbnailUrl":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-content\/uploads\/2021\/05\/iStock-1265573033-North-Sea-oil-smaller.jpg","datePublished":"2026-03-10T11:19:33+00:00","dateModified":"2026-03-10T11:19:34+00:00","breadcrumb":{"@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/news\/scrapping-north-sea-windfall-tax-would-not-reduce-uk-energy-bills-say-experts\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.lse.ac.uk\/granthaminstitute\/news\/scrapping-north-sea-windfall-tax-would-not-reduce-uk-energy-bills-say-experts\/"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/news\/scrapping-north-sea-windfall-tax-would-not-reduce-uk-energy-bills-say-experts\/#primaryimage","url":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-content\/uploads\/2021\/05\/iStock-1265573033-North-Sea-oil-smaller.jpg","contentUrl":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-content\/uploads\/2021\/05\/iStock-1265573033-North-Sea-oil-smaller.jpg","width":1000,"height":667},{"@type":"BreadcrumbList","@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/news\/scrapping-north-sea-windfall-tax-would-not-reduce-uk-energy-bills-say-experts\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.lse.ac.uk\/granthaminstitute\/"},{"@type":"ListItem","position":2,"name":"News & commentaries","item":"https:\/\/www.lse.ac.uk\/granthaminstitute\/news-and-commentary\/"},{"@type":"ListItem","position":3,"name":"In the news","item":"https:\/\/www.lse.ac.uk\/granthaminstitute\/news-category\/30-in-the-news\/"},{"@type":"ListItem","position":4,"name":"Scrapping North Sea windfall tax would not reduce UK energy bills, say experts"}]},{"@type":"WebSite","@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/#website","url":"https:\/\/www.lse.ac.uk\/granthaminstitute\/","name":"Grantham Research Institute on climate change and the environment","description":"The Grantham Research Institute at LSE carries out world-class research on climate change and the environment.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.lse.ac.uk\/granthaminstitute\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"}]}},"taxonomies":{"post_tag":["Iran","just transition","net zero","North Sea","oil","oil and gas","oil and gas industry","UK","UK policy"],"news-category":["In the news"]},"featured_image_src":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-content\/uploads\/2021\/05\/iStock-1265573033-North-Sea-oil-smaller.jpg","_links":{"self":[{"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/news\/85111","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/types\/news"}],"author":[{"embeddable":true,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/users\/63"}],"version-history":[{"count":1,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/news\/85111\/revisions"}],"predecessor-version":[{"id":85112,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/news\/85111\/revisions\/85112"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/media\/54788"}],"wp:attachment":[{"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/media?parent=85111"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/tags?post=85111"},{"taxonomy":"news-category","embeddable":true,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/news-category?post=85111"},{"taxonomy":"topic_area","embeddable":true,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/topic_area?post=85111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}