The European Parliament is currently debating a reform of the European electricity market, where an element that has been criticized by the industry has now been dropped.

On Wednesday, the Parliament agreed to abandon the idea of a revenue cap for power plants in the event of a new energy crisis in Europe, according to Reuters.

It was the Parliament’s chief negotiator on the reform, Nicolas Gonzales Casares, who originally proposed the cap. The rationale behind the cap was that it could raise money to mitigate the high energy costs of EU citizens.

Over the past winter, the EU used a temporary version of the cap in response to high energy prices, which drew criticism from the energy sector, who felt that such a measure would discourage investors at a time when investment in the sector was needed.

At the time, all earnings above EUR 180 per MWh were cut off for electricity producers.

The final energy market reform is expected to reach a definitive agreement next year, according to the media.