Energy Prices: Left Calls for Margin Caps for Energy Companies

Handelsblatt

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The Left Party wants a "profit margin cap" for fossil energy companies. This is to limit, on the model of Belgium or Luxembourg, how much profit companies can make with the sale of fuels.

berliner-sonntagsblatt.de

Factuality

Ownership

The Left Party is calling for a profit margin cap for fossil fuel companies. Following the example of other countries like Belgium and Luxembourg, this cap would limit how much profit companies can make from fuel sales. This is the aim of a resolution passed by the party's executive committee, as reported by the business daily Handelsblatt. Price increases would then require approval. The Left Party is convinced this would effectively limit pri…