What it means for the future of the UK North Sea
Navigating the energy profits levy
By Cavendish
Introduced as a temporary measure, the Energy Profits Levy (EPL) has become a defining feature of the UK’s oil and gas landscape. But its evolution—through multiple changes—has created growing uncertainty for investors, operators, and policymakers alike.
Introduced as a temporary measure, the Energy Profits Levy (EPL) has become a defining feature of the UK’s oil and gas landscape. But its evolution—through multiple changes—has created growing uncertainty for investors, operators, and policymakers alike.
In our latest sector insights, Cavendish Research Director James McCormack explores:
- How the EPL has contributed to falling domestic production
- The impact on UK energy security, emissions, and consumer prices
- Why stability and clarity are critical to long-term investment in the basin
- What the 2025 consultations could mean for the sector’s future
For any enquiries or discussions, feel free to
reach out to
any member of the Cavendish team.
“The Energy Profits Levy was introduced as a temporary measure, but its evolution has created real uncertainty—affecting investment decisions, slowing domestic production, and increasing the UK’s reliance on energy imports at a time when long-term stability is key.”
JAMES MCCORMACKRESEARCH DIRECTOR, CAVENDISH
Meet our Energy, Power & Resources Team
James McCormack
Research Director
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Neil McDonald
Corporate Finance Managing Director
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Iain Macarthur
Sales Director
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Derrick Lee
Corporate Finance Director
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Pete Lynch
Corporate Finance Director
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Graham Hall
Sales Associate Director
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Holly Ritson
Sales Associate
