Energy crisis: Tax on profits and mandatory consumption reduction will be proposed by the Commission

Her new proposals Commission to deal with the energy crisis are waiting for the energy ministers of the European Union. According to information from Bloomberg, in the draft that will be presented by the Commission in the near future, the tax on the surplus profits of the companies and the mandatory reduction of consumption are included.

The Commission’s proposal for the tax on excess profits is described as “temporary” and “exceptional” and concerns oil, gas, coal companies, as well as refineries, based on their profitability in the tax year of 2022.

As far as saving energy is concerned, it will set two goals: a) The reduction of total consumption and b) the reduction of demand at specific peak times.

According to a draft presented by Bloomberg, the proposal would put a cap on the excess profits of energy companies that generate from sources other than natural gas, setting a cap on the price of energy produced by technologies such as RES, lignite or nuclear.

The new proposal will be presented this week, a few days after the extraordinary meeting of EU energy ministers, which ended without an agreement to impose a cap on Russian natural gas.

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