EU plots reform of electricity markets to tackle 'fossil fuel crisis'

Cecilia Keating
clock • 5 min read
Von der Leyen addresses MEPs in Strasbourg | Credit: Ursula von der Leyen, Twitter
Image:

Von der Leyen addresses MEPs in Strasbourg | Credit: Ursula von der Leyen, Twitter

Ursula von der Leyen sets out plans to mandate revenue cap on electricity generators and secure a 'crisis contribution' from fossil fuel companies in her State of the European Union address

European Union Commission President Ursula von der Leyen today officially confirmed a plan to cap the revenue of electricity generators whose profits have soared in the wake of the war in Ukraine, claiming...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech development
  • Tap into our extensive archive of exclusive articles, news, analysis and guide
  • Access to our new BusinessGreen intelligence service, providing you with
  • > Exclusive in-depth case studies
  • > Policy briefings, white papers and reports on market trends that are shaping the direction of the net zero transition
  • Our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Online and interactive meetings with BusinessGreen’s editors to discuss the crucial stories and trends from the past month

Choose from 3 paid membership levels or start a 7-day no strings trial.

Join nowTry 7 day trial

 

Already a BusinessGreen member?

Login

More on Policy

'We are the conservers': Labour unveils plan to 'save Britain's beautiful countryside'

'We are the conservers': Labour unveils plan to 'save Britain's beautiful countryside'

Labour announces new Countryside Protection Plan designed to protect nature and reverse the decline in British wildlife

James Murray
clock 07 June 2024 • 8 min read
Global Briefing: Mexico elects former climate scientist Claudia Sheinbaum as president

Global Briefing: Mexico elects former climate scientist Claudia Sheinbaum as president

Also this week: NYC shelves congestion charge plan, rising seas prompt Panama island evacuation, and Heather Mills leads plant-based food protest at Bonn Summit

BusinessGreen staff
clock 07 June 2024 • 8 min read
'Unequal impact': Parties urged to ensure climate policies are fair and inclusive

'Unequal impact': Parties urged to ensure climate policies are fair and inclusive

Group of 33 charities call on next government to ensure environmental policies and subsidies do not favour richer households

James Murray
clock 06 June 2024 • 4 min read