More European energy companies have secured extra funds from governments and banks as soaring gas and power prices following Russia’s invasion of Ukraine have driven up margin call requirements and burnt up their cash. Several European governments had already announced measures to provide loans and guarantees to cash-strapped companies, before the European Union on Friday tasked Brussels with drafting proposals within a few days to cap revenue of non-gas energy producers and help power firms stay afloat. read more Utilities often sell power in advance but must maintain a “minimum margin” deposit in case of default before supplying the power. This deposit has raced higher with […]