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.
BY VICTOR EMIL KRISTENSEN AND JAKOB MARTINI, TRANSLATED BY CHRISTOFFER ØSTERGAARD
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.
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