EnergyWatch

EU lacks overview of companies generating windfall profits from energy

The EU has set about pursuing electricity companies’ huge profits, but inscrutable contractual arrangements make it difficult to pinpoint which entities are earning exorbitant amounts of money.

President of the European Commission Ursula von der Leyen.

The EU has begun efforts to raise EUR 140bn from flush energy companies and funnel the money to ailing households and companies struggling to keep their lights on due to surging energy prices. But authorities could face difficulties ferreting out money from energy companies.

In Denmark, the question as to which companies are generating above-average profits is completely inscrutable, say experts, industry insiders, and the companies themselves.

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