The European Union will have a tough winter. Due to technical malfunction by Russia natural gas flow stopped. Insufficiently filling natural gas tanks EU countries can spend this winter in the cold.
Therefore, the EU energy took a series of measures to prevent the rise in prices.
SHOCK TO ENERGY COMPANIES
The EU requires the taxation of excessive profits from energy companies and the EU-wide electric Plans will be announced today, including measures to reduce its use.
TAXES ON ELECTRICITY GENERATORS NON NATURAL GAS
In case of an increase in the revenues of companies that produce energy from sources other than natural gas, it is expected that the tax brackets will be increased and thus the energy bills of businesses and households will be financed.
PRICE LIMITS FOR WIND, SOLAR AND NUCLEAR POWER PLANT
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Limiting the electricity produced in wind, solar and nuclear power plants to 180 euros per megawatt hour is also among the measures. Thus, it is aimed to decrease the price of electricity obtained from sources other than natural gas.
“CONTRIBUTION” TO PETROLEUM COMPANIES
Oil, gas and refinery companies will be required to give 33 percent of the taxable surplus of their profits in 2022 to the government as a solidarity contribution.
THERE MAY BE A 5% CUT
It will be set as a mandatory target for EU member states to cut their electricity consumption by 5 percent during peak hours.
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