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Portugal rules out energy windfall tax, cites other mechanisms aiding customers
Portugal is already transferring hundreds of millions of euros of excess profits made by electricity and gas companies from spiralling energy prices to consumers and sees no immediate need for a windfall tax, its finance minister said on Wednesday.
read more... 16/09/2022
Scholz promises 65 bln euros to shield Germans through tough winter
Germany will spend at least 65 billion euros ($64.7 billion) on shielding customers and businesses from soaring inflation, Chancellor Olaf Scholz said on Sunday, two days after Russia announced it was suspending some gas deliveries indefinitely.
read more... 05/09/2022
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Norway's power grid operator cuts its tariffs to zero to help consumers
Norway's state-owned power grid operator Statnett said on Friday it would extend its policy of making no charge for use of its grid until the end of 2023 to cushion customers from high electricity prices.
read more... 22/08/2022
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Spain's Iberdrola terminating thousands of French retail power contracts as prices soar
Spanish utility Iberdrola is terminating power contracts with thousands of its French customers because of unprecedented power price rises, it said in a letter seen by Reuters.
read more... 22/08/2022
UK Unveils $18.4 Billion Package To Help Customers Pay Energy Bills
Household energy bills will spike to over £3,000 per year next January, putting more pressure on cash-squeezed Brits in the coldest month of the year.
read more... 23/06/2022