WORLD EU countries reach deal on mitigating high electricity prices

WORLD

EU countries reach deal on mitigating high electricity prices

CGTN

21:15, September 30, 2022

European Union countries on Friday reached a deal on measures to mitigate high electricity prices, the Czech presidency of the EU said.

File photo: AFP

The agreement was reached on "mandatory electricity demand reduction, cap on market revenues from inframarginal electricity producers and solidarity contribution from fossil fuels producers," the presidency said in a tweet.

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