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EU Proposal for 200€/MWh Cap on Non-Gas Generated Power

ELECTRICITY

A draft EU proposal suggests a €200/MWh price cap on non-gas generated electricity according to the FT

  • The proposal sets the price cap on electricity from producers such as wind farms, nuclear and coal plants, all of which are set by the high price of gas.
  • The document also suggests a mandatory target of reducing electricity consumption by 5% during peak hours.
  • It said the cap should be high enough so as not to discourage future investment in non-gas producing technologies.
  • An emergency meeting of EU energy ministers is taking place on Sep 9 to discuss the energy crisis and possible measures to reduce surging prices.

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