Financial Times FT.com

Treasury turns heat up on energy suppliers

By Ed Crooks, George Parker and Jean Eaglesham

Published: March 7 2008 21:45 | Last updated: March 7 2008 21:45

Energy suppliers are under pressure from the Treasury to accept a levy to help people having trouble with fuel bills and fear the imposition of a windfall tax if agreement cannot be reached.

The levy, which Treasury officials described as “voluntary”, would amount to a windfall tax in all but name, an industry source said. Government insiders say an industry contribution of between £100m-£200m is being discussed.

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