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windfall tax

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Roman: Constitutional Court to rule on RES producers’ complaint on windfall tax

The Constitutional Court has scheduled for March a first hearing in two cases referred by the producers of renewable electricity that argue against the...

Romania: Energy prices to remain capped by March 2025

Romania will maintain the price capping system, under which the electricity and natural gas suppliers are compensated for the prices paid in the market...

Greece: Windfall tax for electricity suppliers to rise up to 275 million euros

The Greek government plans to introduce a windfall profit tax on electricity suppliers for earnings between August, 2022 and June, 2023, which is expected...

Hungary: Windfall tax rates for energy companies will be reduced in 2024

The extra profit tax rate for energy companies in Hungary amounts to 2.8% and will remain the same in 2023. From 2024, this figure will...

Romania: Hidroelectrica objects to windfall tax calculations

Hidroelectrica, the largest electricity producer in Romani, will challenge the calculations of windfall tax in court.  National Agency for Fiscal Administration calculated windfall tax...

Greece, Electricity producers owe the state some 367 million euros in windfall taxes

Greek Minister of Finance Christos Staikouras said that electricity producers owe the state some 367 million euros in windfall taxes which the Government introduced...

Latest news

SEE power markets 8/9 split as solar deepens midday lows while Italy keeps premium

Day-ahead electricity prices across Southeast Europe diverged sharply for delivery on Tuesday, September 8, as stronger solar supply compressed daytime values while Italy and...

Slovenia appoints GEN leadership ahead of Krško 2 nuclear project decisions

New executives at GEN energija and GEN-I Slovenia has appointed new leadership at state-owned GEN energija and electricity supplier and trader GEN-I, changing management at...

European gas rally lifts Bulgaria’s regulated September discount to €41.60/MWh

European benchmark gas prices moved above €74/MWh on Tuesday, widening the spread versus Bulgaria’s regulated September price of €41.60/MWh. The move highlights differences in...

EPCG completes major works on €26m Gvozd 2 wind expansion in Montenegro

Montenegro’s state power utility EPCG has completed most work on the second of three turbine foundations at its 21 MW Gvozd 2 wind project,...

Greece approves €2.3bn programme for island grids, renewables and storage

Greece has secured approval for a €2.3 billion programme aimed at decarbonising its islands, with Athens directing more than €2 billion towards electricity interconnections,...