Thursday, September 15, 2022

European Commission proposes emergency energy measures -

The European Commission proposed a set of new measures on Wednesday to mitigate the effect of the roaring prices of energy and electricity.

The measures were outlined by Commission President Ursula von der Leyen in her annual State of the European Union (EU) address to the European Parliament in Strasbourg, France.

According to the plan, which still must be approved by the member states, the EU should tax the profits of non-gas power producers and should oblige these companies to pay a "solidarity contribution" from their 2022 earnings.

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