Windfall Profit Tax and Cap on Market Revenues Agreed for Energy Sector

EU energy ministers on 30 September agreed on a proposal for a Council Regulation to address energy prices. The main aim of the Regulation is to collect and redistribute the energy sector's surplus revenues to final consumers through a cap on market revenues for so-called inframarginals, and an excess profit tax for the fossil fuel sector.

Cap on Market Revenues for Inframarginals

The proposed Regulation caps the market revenues at EUR 180/MWh for electricity generators, including interm…