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- W4385829452 abstract "The chapter discusses four approaches aimed at mitigating rising electricity prices in the context of the current energy crisis: a classic windfall profit tax, the EU revenue cap, and two alternative options for interventions in market price formation (the Greek and the Iberian models). The revenue cap can be regarded a serious alternative to a traditional windfall profit tax for the electricity sector. In contrast to the approaches changing the electricity price formation, it maintains energy saving incentives through high sales prices and at the same time raises revenues for compensation measures. The effects on energy efficiency and the relief for vulnerable groups will ultimately depend on revenue use which lies, however, largely within the discretion of Member States. To ensure that compensation measures do not conflict with energy saving targets or do not impede the internal market, tighter guidelines by the European Commission would have been required." @default.
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- W4385829452 date "2023-08-10" @default.
- W4385829452 modified "2023-09-27" @default.
- W4385829452 title "Time for a windfall profit tax? Electricity market design in times of crises" @default.
- W4385829452 doi "https://doi.org/10.4337/9781035317844.00020" @default.
- W4385829452 hasPublicationYear "2023" @default.
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