windfall profits

Repsol's plan of acquisitions

Government to consider withdrawing windfall tax on energy companies

Banco Sabadell : According to the press, the vice-president for Ecological Transition (Teresa Ribera) said in a statement that it is necessary to see if energy companies continue to make these extraordinary profits and to take into account the large investments required for the energy transition, in the context of the application of the current windfall tax on these companies. These statements come after the European Commission declared last week…

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Spanish Utilities To Lose €800-1Bn With The Cut In Windfall Profits, 5% Of Their EBITDA

On Tuesday, the Ministry for Ecological Transition presented a draft bill to the Council of Ministers to put an end to windfall profits, i.e. to put an end to the over-remuneration of nuclear and hydroelectric power in order to reduce consumers’ electricity bills, which have risen considerably, among other things, due to the increase in CO2 emissions.According to government sources, the proposal would respect the European regulatory framework (where there should be no discrimination by technology) and would be similar to that existing between 2006/2009, with the reduction of a part of the CO2 “dividend” to non-emitting plants prior to 2005 that sell energy on the market.