What is behind big tech’s hiring slowdown?In addition, fossil fuel energy companies would be hit with a tax of at least 33 per cent on all profits for the 2022 fiscal year that are above 20 per cent more than the average profits made by the company over the last three years.
But commission sources acknowledged this figure was optimistic, and was based on the cap being in place for a year rather than the expected six months, and energy prices continuing at record levels. The commission also proposed that member states should identify three to four hours in each weekday in which national electricity use peaks, and reduce electricity use by 5 per cent during those hours according to a “binding” target. This is to avoid the use of gas power, which kicks in during surges in demand and sends prices spiking.
Other measures proposed by Dr von der Leyen included a shift to a “more representative benchmark” than the one currently used in the gas market.
All EU leadership should resign due to their insane energy policy which put the EU totally vulnerable to Russian energy. Their policies has caused massive suffering to poorest people in the EU &will bankrupt many businesses. There has to has to consequences to their incompetence
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