Danish general election leaves utilities in windfall tax vacuum

Uncertainties surrounding how the future Danish government will interpret the proposed electricity profit cap are huge, and growing more and more at utilities, while the upcoming election means legislative work is suspended.

Voting slips for the election, which will be held on Nov 1. | Photo: Mads Claus Rasmussen/Ritzau Scanpix

by louise wendt jensen, translated by catherine brett and daniel pedersen

While discussions of a gas price cap are flourishing around the EU, discussions of a windfall tax on the profits generated by prices of EUR 180 per MWh have dropped off the radar.

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