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The Guardian - UK
The Guardian - UK
World
Jennifer Rankin in Brussels

UK isolated as EU agrees windfall tax on energy firms

European Union United Kingdom Electricity European Commission
Gas pipes in Ihtiman, Bulgaria
Gas pipes in Ihtiman, Bulgaria. EU countries remain at odds over proposals to cap the price of gas. Photograph: Nikolay Doychinov/AFP/Getty Images

EU energy ministers have agreed to levy windfall taxes on energy companies’ profits, and to cut electricity use, but remain at loggerheads over proposals to cap the price of gas.

Meeting in Brussels on Friday, the bloc’s 27 energy ministers signed off on proposals to levy a “solidarity contribution” on fossil fuel producers that have benefited from soaring energy prices.

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