Vattenfall concerned about EU proposal

The Swedish utility acknowledges the importance of supporting vulnerable consumers, but nevertheless argues that the EU Commission’s proposal will pose a risk for investments in renewables.

Photo: Michele Tantussi/REUTERS / X03942

In order to support livelihoods of consumers across Europe, a limit on how energy companies can earn on electricity at times of surging energy prices will be imposed.

This is a key measure in a proposal drawn up by the European Commission, which President Ursula von der Leyen presented Wednesday in connection with her annual State of the Union address.

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