As usual, the @EUCouncil is where good 🇪🇺 legislation goes to die.
At Friday's Energy Council, national governments are planning to water down the Commission's emergency energy measures proposed earlier this month. euractiv.com/section/politi…
At Friday's Energy Council, national governments are planning to water down the Commission's emergency energy measures proposed earlier this month. euractiv.com/section/politi…
Amendments drafted by the Czechs, who hold the rotating Council presidency, would allow countries to set higher caps on surplus revenue from energy companies than what is set at EU level for the #WindfallTax.
Energy analysts are warning this will create distortion in the market.
Energy analysts are warning this will create distortion in the market.
"Allowing countries to deviate from it and have lower caps creates confusion and uncertainty – and will slow down the investments we so badly need,” says @WindEurope's Giles Dickson.
Commission also warned: “uncoordinated caps...may lead to significant distortions".
Commission also warned: “uncoordinated caps...may lead to significant distortions".
As usual, ministers from national governments will vote based on self-interest rather than what's best.
They'll escape scrutiny because they keep their citizens ignorant of what 🇪🇺Council is, so they can say one thing at home and do opposite in Brussels.
energymonitor.ai/policy/green-d…
They'll escape scrutiny because they keep their citizens ignorant of what 🇪🇺Council is, so they can say one thing at home and do opposite in Brussels.
energymonitor.ai/policy/green-d…
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