European natural gas benchmark prices rose 6% on Thursday, one day after EU policymakers unveiled a plan to clampdown on profits by energy companies in...
European natural gas benchmark prices rose 6% on Thursday, one day after EU policymakers unveiled a plan to clampdown on profits by energy companies in effort to soften the blow on consumer energy bills.
What... European natural gas benchmark prices rose 6% on Thursday, one day after EU policymakers unveiled a plan to clampdown on profits by energy companies in effort to soften the blow on consumer energy bills. What the EC did announce was a three-step plan, comprising a windfall tax to scrape $140 billion from the profits made by energy companies, mandatory electricity savings and a cap on revenue from electricity producers at €180 per megawatt hour.
She also announced a new gas market benchmark will be created to reflect the EU’s rapid shift from pipeline gas to liquified natural gas .
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