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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
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France caps power prices increase at 15% next year to shield consumers
Power and gas price increases for French households will be capped at 15% next year, Prime Minister Elisabeth Borne said on Wednesday, as governments across Europe look to tackle prices that have soared after Russia's invasion of Ukraine.
read more... 15/09/2022
EU proposes windfall levies on energy firms to ease price pain
The European Union's executive plans to raise more than 140 billion euros ($140 billion) to shield consumers from soaring energy prices by skimming off revenues from low-cost electricity generators and making fossil fuel firms share windfall profits.
read more... 15/09/2022
Germany to use windfall tax income to reduce energy prices for end consumers
Germany's government will use income from windfall taxes to lower end-consumer prices for gas, oil and coal, German Chancellor Olaf Scholz said on Sunday, announcing measures to mitigate the impact of rising energy prices on its population.
read more... 06/09/2022
Sweden set to take on more of consumers' soaring energy bills
The Swedish government said on Wednesday it would probably have a bigger buffer than it had previously expected to take on some of the soaring energy costs of households and businesses this winter.
read more... 02/09/2022