Spanish utility Endesa SA (<a href="https://www.bolsasymercados.es/bme-exchange/es/Mercados-y-Cotizaciones/Acciones/Mercado-Continuo/Ficha/Endesa-ES0130670112" target="_blank">BME:ELE</a>) posted a first-quarter net profit of EUR 583 million (USD 662.5m), reporting a 99.7% year-on-year surge, thanks in part to the elimination of the government’s 1.2% windfall levy on energy revenues that wounded <a href="https://renewablesnow.com/news/endesas-q1-2024-bitten-by-spains-windfall-tax-lower-power-prices-857077/" target="_blank">the company's results last year</a>.