October 1, 2022

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EU will suggest windfall levies on power corporations, von der Leyen says

BRUSSELS (Reuters) – The European Union will suggest measures to cap revenues from low-cost electrical...

BRUSSELS (Reuters) – The European Union will suggest measures to cap revenues from low-cost electrical energy mills and power fossil gasoline corporations to share the earnings they make from hovering power costs, European Fee President Ursula von der Leyen stated on Wednesday.

“In these instances it’s flawed to obtain extraordinary file revenues and earnings benefitting from warfare and on the again of our shoppers. In these instances, earnings have to be shared and channelled to those that want it most,” von der Leyen stated in a speech to the European Parliament in Strasbourg.

Von der Leyen stated the bloc was additionally discussing power worth caps, and dealing to ascertain a “extra consultant benchmark” worth for fuel than the Dutch Title Switch Facility (TTF).

 

(Reporting by Kate Abnett, Marine Strauss)

 

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