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EU countries ask bloc to propose windfall revenue cap for power firms - document

·1-min read
Britain's Queen Elizabeth has died at age 96

BRUSSELS (Reuters) - European Union energy ministers on Friday tasked Brussels with drafting proposals to cap the revenues of non-gas fuelled power generators, in a bid to pull down energy costs for consumers, according to a draft summary of the ministers' meeting.

The ministers also asked the European Commission to propose other emergency temporary measures including a gas price cap, but held back from endorsing a price cap specifically for Russian gas, according to the draft document seen by Reuters.

Brussels should deliver the proposals by mid-September, the draft said.

(Reporting by Kate Abnett; Editing by Ingrid Melander)