Equinor's chief says while prices will not be as volatile, investment in renewables must be paid for.
The boss of Norwegian energy giant Equinor has said he does not expect gas and electricity bills to return to the levels they were before Covid.
However, gas and electricity bills for households and businesses remain elevated and are squeezing living costs for many. Mr Opedal spoke to the BBC before attending the World Economic Forum in Davos, Switzerland which is an annual gathering of political and business leaders. The theme of this year's meeting, which takes place from 16-20 January, is "Cooperation in a fragmented world".
The tax applies to profits made from extracting UK oil and gas, but not from other activities such as refining oil and selling petrol and diesel on forecourts.
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