Energy

European energy ministers have decided to tax the additional income made by producers in the field that exceed a maximum level of 180 Euros for one Megawatt-hour between December 1, 2022 and June 30, 2023. The money will be used to finance the protection measures for final electricity consumers. The European officials also aim at a voluntary reduction in electricity consumption by 10%, with a mandatory component of 5% during peak hours, in the context of the energy crisis caused by the war in Ukraine. The Romanian energy minister, Virgil Popescu, announced that, during the negotiations, Romania obtained the guarantee that the measures already adopted at the national level regarding the consumer protection can be maintained.