# EU will propose windfall levies on energy firms, von der Leyen says
Published: 2022-09-14
Category: News
Category URL: https://technologydispatch.com/category/news/
Meta Title: EU to Propose Revenue Caps on Electricity Generators
Meta Description: European Union to cap revenues from low-cost electricity while forcing sharing of profits from soaring energy prices, says European Commission President.
URL: https://technologydispatch.com/eu-will-propose-windfall-levies-on-energy-firms-von-der-leyen-says/

![undefined](https://prod.superblogcdn.com/site_cuid_cm5qslpr5001pwirgs7x8860d/images/2022-09-14t073649z1lynxmpei8d097rtroptp4eu-vonderleyen-1737020186632-compressed.jpg)

BRUSSELS (Reuters) – The European Union will propose measures to cap revenues from low-cost electricity generators and force fossil fuel firms to share the profits they make from soaring energy prices, European Commission President Ursula von der Leyen said on Wednesday.

“In these times it is wrong to receive extraordinary record revenues and profits benefitting from war and on the back of our consumers. In these times, profits must be shared and channelled to those who need it most,” von der Leyen said in a speech to the European Parliament in Strasbourg.

Von der Leyen said the bloc was also discussing energy price caps, and working to establish a “more representative benchmark” price for gas than the Dutch Title Transfer Facility (TTF).

(Reporting by Kate Abnett, Marine Strauss)


---
This blog is powered by Superblog. Visit https://superblog.ai to know more.
---