250M EUR levy on the electricity producers in Belgium

Last week, the federal Council of Ministers agreed upon an one time indirect levy on the nuclear electricity producers in Belgium (SPE and Electrabel). The federal state will charge Synatom, the company responsible for the provisions for the phase-out of nuclear installations, for 250M EUR. Within 15 days, the nuclear electricity producers are obliged to reimburse Synatom with 250 M EUR. If the companies do not reimburse Synatom, a penalty of 2% of their annual income could be imposed upon them. The act prohibits passing the charge on in higher prices for the final customers.

250M EUR levy on the electricity producers in Belgium

Powers of the energy regulator strengthened

Last week, the Council of Ministers adopted a draft act awarding the CREG, the federal energy regulator, judicial powers for supervising the functioning of the energy markets in Belgium through the appointment of judicial police officers within its organisation.

Powers of the energy regulator strengthened