German utilities get EUR billions in nuclear tax refunds

Billions in tax refunds are headed to German energy companies which have overpaid in taxes on nuclear power.

E.on, RWE, and other German energy supply firms have won a case in Germany's Federal Constitutional Court (Bundesverfassungsgericht) and are now poised to receive EUR 6.3 billion in refunds on a special fuel tax for nuclear energy paid over the years 2011 to 2016.

Germany's government went too far in relation to tax regulation when this tax was introduced, ruled the judge in the case, according to a statement on the website of the German Federal Constitutional Court.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Glencore books huge profit from gas crisis

The exorbitant natural gas prices have led several countries to reverse course on coal. This has served to benefit mining company Glencore, which, unlike competitors, has decided not to cut down on coal production.

Pelosi's Taiwan visit could impact Tesla's battery supplies

According to Bloomberg, the Chinese government has interfered with Chinese battery manufacturer CATL’s plans to build a factory in the US. A decision on where to build the factory has reportedly been postponed due to Nancy Pelosi’s visit to Taiwan. Updated.

Further reading

Related articles

Latest News

See all jobs