Brussels is preparing a ceiling on the income of electricity producers from non-gas sources

In its plan, the executive of the European Union also expects to withdraw 33 percent of excess taxable profits from fossil fuel producers. Member countries should use the money obtained in this way to reduce prices, especially for vulnerable households and companies.

According to the proposal cited by Reuters, the cap on producers’ income will apply to solar, wind, nuclear or lignite power plants, as well as producers of electricity from biomass. In other words, all non-gas.

Half August price

The maximum price will be at a level corresponding to approximately half the price at which electricity was sold in Europe in August. Last week, mainly thanks to favorable developments around gas reserves, the price of this raw material fell below 200 euros per MWh for the first time since the beginning of August. In August, the wholesale price of gas temporarily reached 350 euros per MWh.

CLEAR: The EU’s options for dealing with high energy prices

Economy

In addition to the pair of mentioned measures, the Commission intends to set the parameters of the mandatory limitation of electricity consumption in the proposal, which should cover normal operation and the busiest hours. Representatives of the Union governments will discuss the proposals at the next extraordinary meeting called by the Czech Minister of Industry and Trade, Jozef Síkela, on September 30.

The price of gas is still free

On the other hand, the European Commission does not yet plan to cap gas prices – with reference to the contents of a leaked document, a proposal for a solution, which is to be presented on Wednesday. The final text is still subject to change, but the proposal exposes the commission’s doubts about whether it will get enough support from EU member states for the preferred ceiling option.

In addition to the pair of mentioned measures, the Commission intends to set the parameters of the mandatory limitation of electricity consumption in the proposal, which should cover normal operation and the busiest hours. Representatives of the Union governments will discuss the proposals at the next extraordinary meeting called by the Czech Minister of Industry and Trade, Jozef Síkela, on September 30.

CLEAR: How the government capped energy prices

Homemade

Note: We originally published the erroneous information in the article that “The European Commission proposes to cap the price of electricity lower than the Czech government.” However, the Czech and European caps are different and complement each other. We apologize for the error.

The article is in Czech

Tags: Brussels preparing ceiling income electricity producers nongas sources

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