"These companies are making revenues they never accounted for, they never even dreamt of," Ms von der Leyen told the European Parliament in Strasbourg.
Chatham House's deputy environment director Antony Froggatt said the targets and taxes are"significant departures" from UK policy. Brussels said its windfall tax plans would raise €140bn on energy companies' profits to cushion the blow of record high energy prices this winter. The cash is likely to attract"significant support" for the policy from member states, Mr Froggatt told Sky News.Russia shuts gas pipeline to Europe
Wind and solar farms and nuclear plants would face a cap of 180 euros per megawatt hour on the revenue they receive for generating electricity, with governments recouping any excess cash and recycling it to support consumers.
Source: News Formal (newsformal.com)
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