New Legislative Tool for Introducing EU-Wide Windfall Taxes

In this note, the authors describe and comment on the Commission’s proposal to introduce a new regulation implementing emergency measures with the aim of mitigating high energy prices and the risk of supply shortages in Europe, as agreed to by the European Council on 30 September 2022. The authors also examine the legal compatibility of the planned EU windfall tax measures, comparing them to the existing Hungarian windfall taxes.