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European Commission propose re...

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European Commission propose revenue cap for companies producing electricity

RedFM News
RedFM News

12:18 7 Sep 2022


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The European Commission is proposing a cap on revenues of companies producing electricity with low costs.

The President of the Commission says low energy sources are making unexpected revenues.

Ursula von der Leyen says it is time for consumers to benefit from low costs.

She also said they are proposing a 'solidarity contribution' from fossil fuel companies.


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