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Killian Staines
25 October 2022
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Industry frets over EU power revenue caps

Patchwork approach could damage wholesale markets and discourage investment in renewables, industry groups say

The EU adopted a regulation in October instructing member states to introduce a market revenue cap of €180/MWh ($179/MWh) on renewable, nuclear, lignite and oil-fired power plants between December 2022 and June 2023, as part of efforts to help consumers through the continent’s deepening energy affordability crisis. Under the new regulations, member states would be able to claw back revenues beyond the cap. But industry association the European Federation of Energy Traders says the regulation “leaves vast room for implementation” up to individual member states. States are permitted to apply the cap to other technologies, adopt a lower price cap or extend it for a longer period of time. Efet a

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TotalEnergies’ delayed FID for its Venus project will likely set back first oil, but Windhoek has other irons in the fire
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Last year was one of records for renewables but also for oil, gas and coal, as the energy transition progresses in an increasingly uneven way, according to the Energy Institute’s latest annual report

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