Élisabeth Borne, the prime minister, said the cap was far below the 120 percent hike that was expected without any government intervention as prices soar, exacerbated by the war in Ukraine.
Tag: Electric Light and Power
E.U. Calls for Taxes and Handouts to Battle Rising Energy Prices
The European Commission wants the bloc’s members to impose taxes on the profits of energy companies to fund handouts to households and businesses.
An Oily Challenge: Evict Stinky Old Furnaces in Favor of Heat Pumps
Building by building, New York and other cities are trying to stop the age-old use of fossil fuels to heat homes and buildings. In the U.S., new climate laws aim to speed things up.
Your Tuesday Briefing: Ukraine’s Advance Continues
Plus former British colonies weigh their relationship with the monarchy and Lebanon faces blackouts.
Oppressive Blackouts Force Lebanese to Change Rhythm of Life
With electricity coming on at random times, and for only an hour or two a day, residents have had to find coping strategies — including doing laundry and charging everything they can after midnight.
Oppressive Blackouts Force Lebanese to Change Rhythm of Life
With electricity coming on at random times, and for only an hour or two a day, residents have had to find coping strategies — including doing laundry and charging everything they can after midnight.
As Crises Mount, Europe Turns Once Again to Big Spending
The standoff with Russia over Ukraine and rising energy prices are rapidly overturning European economic orthodoxy, with barely a peep of dissent.
Liz Truss, New UK Leader, Lays Out Energy Price Cap Plan
Facing severe economic headwinds, Prime Minister Liz Truss announced emergency measures to freeze gas and electricity rates.
E.U. Weighs Russian Gas Price Cap Amid ‘Astronomic’ Energy Prices
The bloc is also considering mandatory cuts in electricity use and taxes on oil and gas companies.
Breaking Taboo, Germany Extends Life of 2 Nuclear Reactors
The step is intended to cushion a growing energy crisis in Europe but could upend the country’s plans to become the first industrial power to shutter its program.