SSE PLC

SSE: XLON (GBR)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	GBX 1,912.00	Dvwmj	Mfrwcddpv

U.K. Power Windfall Tax Softer Than Expected; Centrica, SSE, RWE, and Orsted Are Undervalued

Tancrede Fulop

Nov 17, 2022

On Nov. 17, U.K. Chancellor Jeremy Hunt presented a new budget aiming to restore the country's financial credibility. As expected, the levy on oil and gas companies implemented last May will be raised to 35% from 25% and extended from the end of 2025 to March 2028. In addition, a levy of 45% will be applied to low-carbon power producers as of January 2023. According to Reuters, this 45% levy will be applied to revenue made over GBP 75 per megawatt-hour.

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