Energy Transition

EU eyes $140bn windfall from power generators 'to protect citizens from spiking prices'

European Commission plans $180/MWh revenue cap for power generators and 'solidarity contribution' from excessive profits by oil & gas companies

European Commission President Ursula von der Leyen addresses the European Parliament
European Commission President Ursula von der Leyen addresses the European ParliamentFoto: FREDERICK FLORIN/AFP via Getty Images/AFP via Getty Images/AFP via Getty Images/NTB scanpix
EUEuropean CommissionUrsula von der LeyenKadri SimsonPolicy
Published 14 September 2022, 14:08Updated 15 September 2022, 08:10