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.
Anders Opedal told the BBC this was down to the costs of moving from fossil fuels to less damaging energy sources.
He said also that windfall taxes on energy firms were affecting investment in projects in the UK.
Equinor, like many other energy companies,has reported record profits because of higher gas prices.
The firm, which makes most of its money producing oil and gas, is one of Europe's biggest energy companies, with operations in 36 countries around the world including the UK.
In its most recent financial results, it reported pre-tax profits of $24.3bn (£19.8bn) between July and September compared to $9.7bn in the same period the year before.
https://www.bbc.co.uk/news/business-64270157