The European Commission, fearing the energy crisis will be prolonged, is moving towards adopting a French EU presidency proposal that would offer energy consumers support through redistribution of windfall profits earned by electricity producers in the RES, hydropower, nuclear and lignite sectors.

The European Commission strategy also includes a call for regulatory intervention to contain retail electricity prices.

The Brussels proposal, contrasting the European Commission’s energy-crisis stance until now, is included in a preliminary plan that was due to be officially announced next month but has been leaked by the EURACTIV media outlet.

Spain has already taken similar-minded action by taxing excessive earnings generated by nuclear power stations and large-scale RES facilities.