Europe holds emergency talks on energy market intervention

BRUSSELS – European energy ministers are debating plans for an intervention in the continent’s energy markets at an emergency meeting aimed at curbing skyrocketing electricity prices.

Diplomats said many countries – including the EU’s biggest economies, Germany and France – appeared to agree ahead of Friday’s meeting on the idea of ‚Äč‚Äčimposing a cap on revenues earned by nuclear, renewable and other non-gas producers of electricity, and redistributing the money to businesses and consumers. The details of how such a plan might work were not clear, the diplomats said.

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