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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 prices jump as weekday demand returns, Serbia tops €300/MWh

Southeast European day-ahead electricity prices surged on Monday, October 19, as the return of weekday demand, weaker renewable generation forecasts and continued reliance on...

Greece unveils €200 million battery storage scheme as project pipeline grows

Greece is preparing a €200 million battery-storage support programme as the country seeks to accelerate the deployment of standalone batteries and renewable-linked storage. The...

Djerdap 3 pumped-storage: Bechtel-Enka qualifies as Serbia prepares planning

Serbia has advanced work on the proposed Djerdap 3 pumped-storage hydropower project, with a Bechtel-Enka consortium qualifying for the next stage of government negotiations....

Romania extends 25% diesel excise reduction until Oct. 31

Romania will keep a 25% reduction in diesel excise duty until Oct. 31, extending temporary relief for transport operators and other businesses. The decision...

R.Power completes 55-MW Lazuri solar plant in Romania; grid link by end-2026

Polish renewable-energy developer R.Power has finished construction of the 55-MW Lazuri solar plant in Romania’s Satu Mare county. Grid connection is expected before the...