Poland Considering Windfall Tax on Large Energy Companies to Fund Subsidies for Energy-Intensive Companies

Poland's Council of Ministers has published Project No. UD459, a draft act on providing support for reducing energy prices for energy-intensive industries. The draft includes two interconnected measures. The first is a subsidy package to protect energy-intensive Polish companies from high electricity costs. The subsidy would cover up to 50% of a company's annual electricity consumption, with rules to ensure that final prices don't fall below EUR 50/MWh. To qualify, at least 50% of the aid mu…