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Official-'We Are Looking At Energy Price Caps': Wires

EU COMMISSION

Wires carrying comments from an unnamed European Commission official saying that the body is looking at the potential for energy price caps to be implemented in the bloc amid a surge in electricity and gas prices for EU households.

  • Also confirms that the Commission is looking at ways to lower electricity demand across the EU, and at the potential for windfall profit taxes in the context of high energy prices. Windfall taxes on energy firms remain a very popular move both inside and outside the EU with the general public.
  • Earlier this morning, MNI reported that the Commission is looking to have a draft reform plan for the EU electricity market ready before an emergency meeting of EU energy ministers on 9 September.
  • The article states: "Officials expect a draft reform aimed at decoupling the retail electricity price from gas prices by the end of this week, to be discussed by EU ambassadors and then by the EU’s Energy Working Party next week."
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