Commission works on electricity price ca • Table.Briefings

Experts at the Commission are proposing a three-pronged emergency measure to counter high electricity prices: an electricity-saving target, skimming excess profits of non-price-setting power plants and redistributing them back to households and SMEs. In the event of a gas shortage, there could also be aid for critical industries.

The EU Commission’s energy experts are in favor of a price cap on electricity generated from nuclear power, lignite and renewable energies. This would decouple these cheaper energy sources from the price of the electricity exchange, which is mostly set by more expensive gas-fired power plants, according to a non-paper from the responsible Directorate-General for Energy, which is available to Europe.Table. This would give member states financial leeway to relieve particularly vulnerable households.

Commission works on electricity price cap

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