On 15 March 2023, the Luxembourg government submitted Bill 8175 in parliament for the introduction of a temporary tax on the excess income of certain electricity producers. The tax is in line with Regulation (EU) 2022/1854 of 6 October 2022 and would be levied at a rate of 90% on the income of electricity producers exceeding prescribed caps per megawatt-hour. The caps are as follows depending on the electricity generation source:
- EUR 100 for hydroelectric power;
- EUR 130 for wind energy, sol…