Proposal for a COUNCIL REGULATION on an emergency intervention to address high energy prices

Summary

The European Union faces unprecedented high energy prices due to the Russian invasion of Ukraine, leading to significant strain on households and businesses across Member States. The proposed emergency intervention includes immediate, temporary measures to lower electricity demand by a mandatory 5% during peak hours, cap electricity generator revenues, and introduce a solidarity contribution on fossil fuel companies' surplus profits. These planned actions aim to mitigate the economic and social impact of high prices and strengthen the EU's energy autonomy.

Key Facts

Source Document

https://example-government.gov/policy-document-link