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

The PM speaks to the Today Programme about his net zero plans | Credit: Number 10, Flickr

Government threatened with legal action over net zero policy rollback

PM on the line to prove his ‘absolute confidence and belief’ that policy u-turns will not undermine delivery of the UK’s climate goals

Cecilia Keating
clock 22 September 2023 • 5 min read
Energy Minister Graham Stuart meets COP28 President Designate in New York this week | Credit: COP28_UAE, X

UK commits £160m in climate finance to developing nations amid domestic net zero policy rollback

Funding announced in the same week as the UK government watered down key domestic climate policies

Cecilia Keating
clock 22 September 2023 • 5 min read
Credit: Number 10

'Environmentally reckless and economically inept': The green economy reacts to the PM's net zero policy rollback

BusinessGreen rounds up all the reaction from campaigners, politicians and green business leaders to the dilution of key climate policies

BusinessGreen staff
clock 21 September 2023 • 31 min read