European electricity & gas sector welcomes adoption of anti-VAT-fraud package by ECOFIN Council

European electricity & gas sector welcomes adoption of anti-VAT-fraud package by ECOFIN Council

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As a group of ten European electricity & gas associations, comprising regulators, exchanges, brokers, clearing houses, transmission system operators, energy trading firms, utilities and guarantee of origin issuing bodies, we highly welcome today’s adoption of the anti-VAT-fraud package by the ECOFIN Council at its last meeting under the current Irish Council Presidency. This constitutes a major step towards the eradication of VAT fraud in the electricity and gas markets in Europe.

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