InvestorQ : Is it true that EU will make energy companies pay for consumers?
Neelam Naik made post

Is it true that EU will make energy companies pay for consumers?

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Anu Biswas answered.
3 weeks ago
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In an interesting move, the European Union has outlined plans to raise more than $140 billion from energy companies in Europe to shield households and businesses from soaring energy prices. This has escalated after Russia cut supplies of gas to Europe. Recently, ECB had hiked rates by 75 bps to combat energy inflation. Since the energy companies made a lot of money amidst rising prices, EU wants energy companies to pay for it. The message is quite clear; no profiteering from war will be permitted.

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