The EU has recently adopted several measures aimed at addressing the current energy disruptions. On October 6, 2022, the Council adopted Regulation (EU) 2022/1854 as emergency intervention to deal with high energy prices in the European Union. Among the measures to address rising prices, the Regulation provides for the introduction of an extraordinary solidarity contribution imposed on fossil fuel companies.
As highlighted by President von der Leyen in her statement on September 7, 2022: “Oil and gas companies have also made massive profits. Therefore, we will propose that there is a solidarity contribution for fossil fuel companies. Because all energy sources must help to overcome this crisis. Member States should invest these revenues to, as I said, support vulnerable households and vulnerable companies, but also to invest them in clean home-grown energy sources, as the renewables are, for example”.
Cleary Posts:
- October 28, 2022: European Council Regulation to Address High Energy Prices
- November 9, 2022: Article 122 TFEU as a Legal Basis for Energy Emergency Measures
- December 7, 2022: The Impact of the Bundesverfassungsgericht NextGenerationEU’s Judgment on Emergency Energy Regulations