Encevo posted a record profit of 171 million euros, 72 million of which was divided amongst shareholders.
The ULC says the price cap on energy costs should remain in place in 2025 as a result of these high profits, adding that any other government policy would contradict the public’s concerns and daily needs. The association went on to criticise the CSV-DP government’s attitude and said that high energy costs will drive up inflation.
In addition to maintaining energy prices, the ULC said low-income households should be entitled to additional government subsidies to stabilise energy costs.
