EC: intervention in the electricity market

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The European Commission has published a draft regulation, providing, inter alia, the maximum limit of the producers’ income from installations with low energy production costs, such as renewable energy sources, amounting to 180 EUR / MWh on the wholesale energy market. The sale of energy for a price in excess of the amount will be charged 100 percent. tax. The Commission also wants a mandatory 5 percent. peak hour energy savings and taxation of windfall profits of oil companies.

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