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2022.09.07 17:05 GMT+8

EU plans €200/MWh price cap on non-gas generated electricity: report

Updated 2022.09.07 17:05 GMT+8
CGTN

Brussels is working on a €200 a megawatt hour limit to the price of electricity generated by non-gas power producers as part of efforts to quell the EU's energy crisis, the Financial Times reported.

In a draft of proposals seen by the news outlet, the European Commission said it recommended member states cap the price of electricity from producers such as wind farms and nuclear and coal plants, all of which are set by the high price of gas, at €200 a megawatt hour (MWh).

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