- A proposed EU-wide revenue cap on electricity producers may end up not applying to coal-fired power plants and renewable fuels like biomethane to avoid undermining alternatives to Russian gas.
- Brussels estimates that EU countries could collect €117 billion from the revenue cap while preserving handsome profit margins for renewable and nuclear power generators whose fuel costs have remained unchanged in the ongoing gas crisis.
- Alternatives to natural gas, like biomethane, should also not be covered by the cap “so as not to jeopardise the conversion of existing gas-fired power plants,” it adds.
EU countries seek exemptions from revenue cap on electricity: document
