EU energy ministers have agreed a windfall tax on energy companies in order to raise billions of euro that can be used to help consumers and businesses with soaring electricity bills.
This morning, energy ministers reached agreement on a windfall tax on those energy providers that have enjoyed huge revenues when selling electricity but who have not relied on Russian gas to generate that electricity. The decision on cuts to peak-hour power consumption and to impose windfall levies on energy companies was announced by the Czech Republic in its role holding the EU presidency.
The European Commission has also raised doubts and suggested the EU instead move ahead with narrower price caps, targeting Russian gas alone, or specifically gas used for power generation. "But in the last number of months, we've realised this is going to be a two year challenge, not a one year one.
The energy bills have been rising well before the war
Does not really effect us we get 70% of our gas from the UK...Rest from Corrib field ...
Leaked Documents- Green Party and EU tell Eu scientists to lie about global warming and CO2 climate crisis
And......gross incompetence of printing trillions of dollars thru thr covid era....
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