President of the European Commission, Ursula Von der Leyenpredicted this Wednesday Measures to limit unexpected profits of cross-border electricity generating companiesrate for producers from renewable sources or nuclear and fossil fuels It will raise 140,000 million euros in the EU.
“Our proposal will raise more than 140,000 million euros for member states to cushion the blow.Von der Leyen added that “the fossil fuel industry also has a special task” in his speech.
In addition, the chairman of the Community Steering Committee explained Establishment of a European Hydrogen Bank to “guarantee the purchase” of this fuelIt will mobilize an investment of 3,000 million euros.
“We propose a limit to the profits of companies that generate electricity at low cost,” said the Community Executive Chairman in his State of the Union speech in the European Parliament.
In the next step, the president of the European Commission announced that these companies generating electricity with marginal technologies such as renewable and nuclear are getting benefits they “never imagined”.
In addition, the chairman of the Community Steering Committee stated “The big oil, gas and coal companies also make big profits. So they have to pay their fair share.”
Thus, Von der Leyen noted that “in these times, taking advantage of the war and making record-breaking profits at the expense of consumers is a mistake,” and urged to share this extra income with the most vulnerable.
The measure proposed by Brussels envisions a cap on the price at which producers of renewable and nuclear power can sell electricity on the wholesale market, so that the resulting economic item will be used to support the most vulnerable households.