EU countries approve energy windfall levies, turn to gas price cap

European Union approves energy windfall profit levies, says report

Ministers from the 27 EU member states approved levies on energy firms' windfall profits to try contain an energy price surge aggravated by Russia's war against Ukraine.

EU adopts levy on excess energy profits, no gas price cap

European Union energy ministers on Friday adopted a package of measures to ease an energy crisis, including a levy on windfall profits of fossil fuel companies, but an agreement on capping natural gas prices that is supported by a majority of countries remained off the table.

EU agrees windfall energy firm tax — but split on gas-price cap

EU energy ministers have adopted a package of measures to intervene in the electricity markets and reduce high energy prices. But the main topic of the day was how to deal with the gas price itself.

EU agrees windfall tax on energy firms

The cash raised is expected to go to families and businesses.

UK isolated as EU agrees windfall tax on energy firms

Levy could raise €140bn, and energy ministers also set targets to cut electricity use

EU agrees windfall tax on energy firms

The EU has agreed to implement levies on energy firms which are benefiting from soaring gas prices.