EU's energy intervention ratified on contestable legal basis

Ratification of the union’s ceiling on electricity earnings was not based on the correct EU treaty article, says Poland, among others, claiming that this raises uncertainty for companies subject to the cap.

EU Commission President Ursula von der Leyen first presented in her annual State of European Union speech on Sept. 14 the idea to cap electricity earnings and demand solidarity contributions from fossil fuel companies. | Photo: Yves Herman/Reuters/Ritzau Scanpix

Has the EU’s policy move to limit power prices to below EUR 180 per MWh as well as demanding solidarity contributions from fossil fuel companies been ratified on the proper legal basis?

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