Czech EU presidency proposes to extend period for cap on electricity profits

The cap on power generators’ earnings, set to be approved by EU’s energy ministers in Brussels this Friday, is to be extended per the new proposal.

The Czech EU presidency aims to take a step further on the proposal for a cap on earnings originally set out by the EU Commission. | Photo: Yves Herman/REUTERS / X00380

BY LOUISE WENDT JENSEN, TRANSLATED BY CHRISTOFFER ØSTERGAARD

According to the EU Commission’s plan, a cap of EUR 180 per MWh will be imposed on power generators’ earnings.

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Czech EU presidency adds more elasticity to energy deal
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EU states demand more flexibility on capping electricity profits
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