Europe holds emergency talks on energy market intervention

Europe holds emergency talks on energy market intervention

BRUSSELS – European energy ministers discuss plans to intervene in the continent’s energy markets at an emergency meeting aimed at curbing rising electricity prices.

Diplomats said many countries, including the European Union’s largest economies, Germany and France, appeared to agree before Friday’s meeting on the idea of ​​imposing a cap on revenues earned by electricity producers. from nuclear, renewable, and other non-gas, and redistribute the money to businesses and consumers. The details of how such a plan might work were not clear, the diplomats said.

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