EU proposes windfall levy to claw back surplus profits from fossil fuel companies

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EU proposes windfall levy to claw back surplus profits from fossil fuel companies – by eren_fxstreet Europe Politics Energy

"EU Commission proposes 180 euros per megawatt hour revenue cap for non-gas fuelled power generators."

"EU revenue cap would apply to wind, solar, biomass, lignite, nuclear and some hydropower generators.""EU levy would recoup 33% of oil, gas, coal, refining companies' surplus taxable profits in the fiscal year 2022.""EU proposes mandatory target for EU countries to cut electricity use 5% during peak price periods."Information on these pages contains forward-looking statements that involve risks and uncertainties.

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