Latest news
.jpg)
EU lawmakers consider profit cap in case energy prices resurge
Lawmakers in the European Parliament will consider a proposal to cap power plants' windfall revenues if Europe faces another energy price crisis and use the cash to cushion citizens from soaring bills.
read more... 16/05/2023
.jpg)
G7 coalition to keep Russian oil price cap at $60 per barrel
The Group of Seven (G7) coalition will keep a $60 per barrel price cap on seaborne Russian oil, a coalition official said, despite rising global crude prices and calls by some countries for a lower price cap to restrict Moscow's revenues.
read more... 18/04/2023
EC drops revenue cap in draft market reforms
The European Commission does not plan to make revenue caps on low-cost power generators a permanent feature, according to an unofficial draft of its power market reform proposals expected next Thursday.
read more... 09/03/2023
Spain approves 1.2% windfall tax on energy companies
The Spanish senate approved a new windfall tax late on Wednesday that will curb sales revenues from energy companies in 2023-24 and aims to collect 1.2% of its turnover from large operators.
read more... 23/12/2022
Slovenia imposes windfall tax on energy companies
Energy companies in Slovenia will pay a special tax on windfall profits under legislation that will channel revenue towards promoting renewable energy sources and price subsidies following a law passed on Friday.
read more... 13/12/2022