- EU ministers on Friday (30 September) agreed on new emergency measures to tackle the energy crisis, including a mandatory target to reduce electricity consumption by 5% at peak hours and two new revenue-creating levies to help protect consumers.
- The measures, proposed by the European Commission on 14 September, aim at shielding consumers by seizing the extraordinarily profits made by some energy firms and using those to support households or help them invest in green technologies.
- Governments will also be able to set a higher revenue limit for producers with investment and operating costs “higher than the Union-wide cap” and exempt their chosen “supplier of last resort” from the the mandatory electricity demand reduction target at peak times.
EU countries agree power demand reduction targets, new levies to tackle energy crisis
