The EU is divided on how to tackle rising energy prices, with some countries opposed to a price cap on Russian gas. Photograph: Yves Herman/Reuters
The Guardian: Leaked paper reveals EU is unlikely to cap price of Russian gas
Draft regulation includes windfall tax on ‘surplus’ profits from oil and gas companies
The EU executive is retreating from imposing a price cap on Russian gas, but pushing ahead with windfall taxes on energy company “surplus” profits, according to a leaked document.
A draft regulation on the “electricity emergency tool” seen by the Guardian contains neither a price cap on Russian gas nor on imported gas, after member states were unable to agree on restrictions last week.
The EU is expected to levy windfall taxes on the high profits of fossil fuel companies, with a separate cap on revenues of low-carbon electricity producers.
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WNU Editor: This is what the EU is now focusing on .... EU Proposes Mandatory Power-Demand Cut and Tax on Profits (Bloomberg). More here .... EU wants 180 eur/mwh revenue cap for wind, solar, nuclear plants - draft (Yahoo Finance).
EU Scraps Imposing Price Cap On Russian Natural Gas
EU Scraps Price Cap On Russian Natural Gas -- OilPrice.com
EU unlikely to cap Russian gas price – Guardian -- RT
EU Reportedly Unwilling to Impose Price Cap on Russian Gas as Norway ‘Skeptical’ About Measure -- Sputnik
EU unlikely to cap Russian gas prices: Report -- MINT
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