EU Looks to End Windfall Profit Grab on Renewables Producers
- Commission recommends not prolonging emergency measure
- Inframarginal revenue collection had lacked consistency
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The European Commission has recommended ending a revenue cap on low-cost energy producers, who have blamed the emergency measure for hampering investments in wind and solar.
The bloc’s executive arm said that implementation of the cap put on so-called inframarginal producers that provide electricity at a cost below prices set by more expensive generators had lacked consistency. Only Bulgaria and Lithuania were able to provide figures for collected revenues, which totaled €173 million ($185 million).