Germany examining whether energy levy can apply retroactively - Scholz


  • World
  • Tuesday, 06 Sep 2022

German Chancellor Olaf Scholz speaks as he receives the winners of the young researcher "Jugend Forscht 2022" contest at the Chancellery in Berlin, Germany September 6, 2022. REUTERS/Michele Tantussi

BERLIN (Reuters) - Germany is examining whether it is legally possibie to make retroactive a planned levy on energy companies' coincidental profits, Germany Chancellor Olaf Scholz said.

On Sunday, Berlin imposed a levy on power producers as part of a 65 billion euro ($64.44 billion) package to redistribute power profits from producers that have benefited from high gas prices.

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