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Germany agrees 200 bln euro package to shield against surging energy prices
German Chancellor Olaf Scholz set out a 200 billion euro ($194 billion) "defensive shield", including a gas price brake and a cut in sales tax for the fuel, to protect companies and households from the impact of soaring energy prices.
read more... 30/09/2022
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EU warned against ‘patchwork’ of taxes to alleviate energy crisis
Emergency EU measures presented last week to alleviate the burden of high energy prices on consumers risk creating a patchwork of different interventions across Europe and depress investments in renewable energies, industry sources have warned.
read more... 19/09/2022
Portugal rules out energy windfall tax, cites other mechanisms aiding customers
Portugal is already transferring hundreds of millions of euros of excess profits made by electricity and gas companies from spiralling energy prices to consumers and sees no immediate need for a windfall tax, its finance minister said on Wednesday.
read more... 16/09/2022
Germany to use windfall tax income to reduce energy prices for end consumers
Germany's government will use income from windfall taxes to lower end-consumer prices for gas, oil and coal, German Chancellor Olaf Scholz said on Sunday, announcing measures to mitigate the impact of rising energy prices on its population.
read more... 06/09/2022
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Belgian government to switch off lights, tax energy profits to cut bills
Belgium announced a series of measures to tackle soaring energy prices on Wednesday, including cuts to public buildings' power consumption and a proposal to tax the excess profits of energy companies such as Engie and TotalEnergies.
read more... 02/09/2022