Statement on Energy by President von der Leyen issued on September 7th, 2022:
“We will propose a cap on the revenues of companies that are producing electricity with low costs. The low-carbon energy sources are making in these times – because they have low costs but they have high prices on the market – enormous revenues. Revenues they never calculated with; revenues they never dreamt of; and revenues they cannot reinvest to that extent. These revenues do not reflect their production costs. So, it is now time for the consumers to benefit from the low costs of low-carbon energy sources like, for example, the renewables. We will propose to re-channel these unexpected profits to the Member States so that the Member States can support the vulnerable households and vulnerable companies”.
December 2022:
November 2022:
October 2022:
September 2022: