EU agreement on tax on excess profits and electricity savings - Plataforma Media

EU agreement on tax on excess profits and electricity savings

The regulation, proposed this month by the Commission and which this Friday received the political endorsement of the 27, provides for a 33% tax on the excessive profits of fossil fuel companies, to be converted into a “solidarity contribution” to be redistributed to the most vulnerable, a ceiling on the profits of low-cost (renewable) electricity companies, and plans to reduce electricity consumption, voluntary (10% for general demand), and mandatory (5% in ‘peak hours’) .

“Wake up! Ministers reached a political agreement on measures to mitigate high electricity prices: mandatory reduction of electricity demand, limitation of market revenues of infra-marginal electricity producers and solidarity contribution from fossil fuel producers”, announced the current Czech presidency of the EU Council.

Read more in Jornal de Notícias

Este artigo está disponível em: Português

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