EU ministers call for a cap on cheaper power generators' revenue

EU ministers call for a cap on cheaper power generators' revenue

EU MINISTERS CALL FOR A CAP ON CHEAPER POWER GENERATORS' REVENUE.
— Breaking Market News (@financialjuice) September 9, 2022

Added at 7:58am

EU MINISTERS: MORE WORK IS NEEDED ON THE IMPORTED GAS PRICE CAP IDEA.
— Breaking Market News (@financialjuice) September 9, 2022

Added at 7:58am

EU MINISTERS PROPOSE A TAX ON THE PROFITS OF FOSSIL FUEL COMPANIES.
— Breaking Market News (@financialjuice) September 9, 2022

Added at 7:58am

MINISTERS ASK THE EU TO DESIGN EMERGENCY LIQUIDITY FACILITIES.
— Breaking Market News (@financialjuice) September 9, 2022

Added at 8:01am

EU COUNTRY MINISTERS ASKED THE EU TO DESIGN EMERGENCY LIQUIDITY INSTRUMENTS TO HELP ENERGY MARKET PARTICIPANTS FACING MARGIN CALLS - DRAFT MEETING SUMMARY.
— Breaking Market News (@financialjuice) September 9, 2022

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RossEdwards

Sep 9, 2022 10:06am

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There is a logic to this. All energy producers are experiencing windfall profit which are effectively "war-profits". IMHO, UKs reticence in introducing a windfall tax - expecting excess profit to be directed into increased investment is naive. Experience show that such windfalls general go to shareholders and into buybacks.

JensOhle

Sep 9, 2022 9:39am

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Interesting: "a cap on revenue" ... will that go in the right direction?

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Sep 9, 2022 7:57am
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