Government: Energy sector news in Portugal

Government creates fuel company windfall tax

Government ministers have today approved the introduction of a Temporary Solidarity Levy on the Oil Sector, which will apply to companies in the crude oil and refining sectors. The levy, The post Government creates fuel company windfall tax appeared first on Portugal Resident.

Portugal: Government will do all it can to protect Sines refinery – minister

Macau Business15 Jul

B+ Summit | "There is no obvious solution": Simone Burgin warns of RED III challenges

At the B+ Summit 2026, Simone Burgin, European Biofuels editor at Argus Media, analyses the transposition of the RED III directive and its growing impact on the energy sector. With more ambitious European Union targets for 2030, demand for biofuels is increasing, as is pressure on raw materials and prices, such as in the case of HVO. Portugal remains among the countries that have not yet completed the adaptation to the new legislation.

Sovereign wealth fund in EDP? "All shareholders are welcome"

EDP celebrates its 50th anniversary. Over its lifetime, it has transitioned from 100% public to 100% private. Without wishing to comment on the sovereign wealth fund, Miguel Stilwell welcomes all shareholders.

All shareholders are welcome: EDP CEO does not rule out state re-entry into the company's capital via sovereign wealth fund

Regarding the topic currently making headlines, Miguel Stilwell de Andrade did not wish to elaborate, but stressed that “obviously, it is a free market and, therefore, people can decide to invest or divest if they consider it a good opportunity or not.”

Government is preparing taxes on extraordinary profits

The project to create taxes on the extraordinary profits of energy companies had been announced in May.

Nuno Matias leads the installation committee for the new AGE

The Ministry of Environment and Energy has approved the team that will manage the transition to the new agency, which merges four bodies and dissolves ADENE.

Taxing extraordinary profits, but regarding fuel...

Energy companies, like any other business, need predictability, especially in a highly capital-intensive sector.

I want to see how this type of profit concept will be defined: Miguel Relvas

Miguel Relvas, a commentator for CNN Portugal, believes the Government is not on the right track by seeking to tax the extraordinary profits of companies in the energy sector.

"We must cherish Galp": Álvaro Beleza questions the taxation of extraordinary profits

The CNN Portugal commentator expresses doubts regarding the taxation of extraordinary profits for the largest companies in the energy sector, namely Galp, a company he considers “strategic” for Portugal.

Tax on extraordinary profits. Government moves forward with proposal in Parliament

The Government will move forward with a proposal to tax the excess profits of energy companies.

Portugal readies draft bill to impose windfall tax on energy companies

Reuters5 May

3 PM: Government to proceed with taxes on extraordinary profits of energy companies

The government is set to implement a tax on the windfall profits generated by energy firms.

Miranda Sarmento says he will apply taxes on extraordinary profits of energy companies

The Minister of Finance said today in Brussels that Portugal will move forward with taxes on the extraordinary profits of energy companies, similar to what happened in 2022 during the previous fuel price crisis.

Brussels approves national tax on extraordinary corporate profits

Green light for member states to create a tax at the national level. A common rate for all European Union countries, as advocated by the Portuguese Finance Minister, is unlikely to move forward.

Taxes. The return of the 2022 “demagogic” levy

The Minister of Finance has now proposed taxing ‘excessive’ energy profits. Montenegro was critical of this in 2022.

Taxing windfall profits: justice or populism?

Portugal, Spain, Italy, Germany, and Austria want the EU to resume taxing windfall profits in the energy sector. Are we going to fall into the demagoguery of promising taxes that fall from the sky?

Will 'windfall' energy profits be taxed again? Eight questions and answers to understand what is at stake

Portugal, Spain, Italy, Germany, and Austria are the five countries that have already asked Brussels to re-tax the extraordinary profits of the energy sector. 'Those who profit from the consequences of the war must pay their share,' they argue.

Once again, the taxation of "excess profits" in the energy sector: A structurally critical view

As recently reported, a joint initiative by Germany, Italy, Spain, Austria, and Portugal has advocated for the need to reintroduce a form of excess profits taxation in the energy sector. Currently, the backdrop is no longer the crisis triggered by the war in Ukraine and the subsequent gas price shock, but...

Windfall profit tax generated litigation and brought little revenue to the State

Temporary contributions on the energy and food distribution sectors generated tax revenues of five million euros in 2023. The then-government had forecast revenues of 50 to 100 million.

Tax on 2022 windfall profits yielded little for the State

The solidarity contribution, as it was called by the António Costa government, was in effect during 2022 and 2023, but yielded little for the State coffers.

Constitutional Court blocks CESE on oil and divides court over natural gas tax

The Constitutional Court has once again declared the application of the Extraordinary Contribution on the Energy Sector (CESE) to oil companies unconstitutional, deepening a jurisprudential trend that, since 2023, has significantly limited the scope of the tax — but the issue is far from settled within the court itself. The decision now announced, regarding...

“It fit like a glove”. Montenegro has already responded to the call for reforms made by Cavaco

The Prime Minister believes there is a “great correspondence” between the call for structural reforms made by former President of the Republic Aníbal Cavaco Silva and the measures just announced for the energy sector and within the scope of the housing package. At the end of the Council of Ministers meeting, Luís Montenegro states...

Energy sector regulator admits 'limitations' of emergency fuel station network

The president of ENSE states that the national emergency network of 300 fuel stations, which is activated during crisis situations such as blackouts or lorry driver strikes, must be re-evaluated in light of the current context.

A energia no Eurogrupo e 4 outras coisas que precisa de saber para começar o dia - Mercados - Jornal de Negócios

The article from Jornal de Negócios highlights key financial and economic updates relevant to Portugal and the Eurozone. It discusses the energy sector's developments within the Eurogroup, along with other significant economic indicators and market movements. The coverage includes insights into Portugal's economic policies, market trends, and key sectors such as energy, banking, and industry, providing a comprehensive overview to help readers start their day informed about Portugal's economic landscape.

jornaldenegocios.pt9 Mar