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The European Union (EU) held an emergency assembly of strength ministers in Brussels, Belgium on 9 (community time) to go over introducing a cap on the selling price of Russian gas.
This system was proposed by the European Fee, the executive branch of the European Union, and aims to avert EU member states from getting Russian gasoline at a price tag that exceeds a specific value.
The introduction of an surprising tax to get well excessive gains acquired by electric power generation companies in reaction to rising electrical power costs is also a topic of discussion. The intention is to decrease the burden on buyers with these methods.
In Europe, energy prices have soared as gas rates have skyrocketed next the Russian invasion of Ukraine. Energy price ranges are set centered on the most pricey ability plant in procedure for electric power generation.
Now, as electrical power need is high and gasoline power plants are in operation, power organizations that produce energy via wind, photo voltaic, nuclear, or coal are making major profits by providing electrical power at a relatively substantial value.
In accordance to the news company Dpa, the EU invoice offers for a prepare to restrict the most revenue limit of electrical power manufacturing firms that produce electricity from energy sources other than gasoline to 200 euros for every 1MWh. This is 50 percent the cost of the German wholesale electricity current market of 440 euros for every 1 MWh.
The European Fee programs to prepare a similar monthly bill on 13 (community time) if the sights of ministers are gathered all through the assembly.
Meanwhile, the share of Russian gasoline in EU fuel imports has dropped from 40% right before the war in Ukraine to 9% today.
Oh Se-seong, Hankyung.com reporter [email protected]
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