European energy ministers are debating plans for intervention in the continent’s energy markets at an emergency meeting aimed at curbing rising electricity prices.
Diplomats said many countries, including the European Union’s biggest economies Germany and France, appeared to agree ahead of Friday’s meeting on the idea of imposing a cap on revenue earned by nuclear power producers , renewable and other non-gas, and redistribute the money to companies and consumers. Details of how that plan might work were unclear, diplomats said.