The European Union's executive plans to raise more than 140 billion euros ($140 billion) to soften the blow to consumers from soaring energy prices by skimming off revenues from low-cost electricity generators and making fossil fuel firms share windfall profits.
The European Commission published the proposals on Wednesday as the 27-member European Union grapples with an energy crisis fuelled by Russia's invasion of Ukraine.
Von der Leyen said the Commission was "discussing" price caps and had launched talks with Norway on lowering gas prices. "The measures proposed to cap revenues for renewable and low-carbon electricity producers risk damaging investor confidence," said Kristian Ruby, Secretary General of Europe’s electricity industry body Eurelectric.
Von der Leyen said the bloc was working to establish a "more representative benchmark" price for gas than the Dutch Title Transfer Facility , where prices have rocketed higher.
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