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EU energy ministers agree power price mitigation package

October 1, 2022 Comments Off

EU energy ministers reached political agreement Sept. 30 on measures to mitigate high electricity prices, including a mandatory 5% cut in peak hour power demand and a Eur180/MWh revenue cap on inframarginal generators, the Czech Presidency of the EU Council said following an emergency meeting in Brussels. The measures were described as “temporary and extraordinary in nature”, with demand reduction…