European energy ministers are debating plans for an intervention in the continent’s energy markets at an emergency meeting that is aimed at tamping down soaring 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 the revenue earned by nuclear, renewable and other nongas producers of electricity, and redistributing the money to businesses and consumers. Other measures under discussion include a plan to cut electricity use during peak demand this winter and a temporary cap on the price of natural gas imported from Russia . Some governments want the price cap extended to other sources of gas. Czech Prime Minister Petr Fiala on Thursday at a terminal in the Netherlands intended to help reduce dependence on Russian gas. Ministers also want to prevent high prices from upending electricity markets, by […]

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