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Reuters
Reuters
Business
By Kate Abnett

EU countries want option to claw back coal plants' revenues - draft

FILE PHOTO: Smoke and steam billows from Belchatow Power Station, Europe's largest coal-fired power plant, near Belchatow, Poland November 28, 2018. REUTERS/Kacper Pempel

Coal power plants could be subject to the European Union's plan to cap energy producers' revenues to raise cash to bring down soaring energy bills, a draft document seen by Reuters shows.

The European Commission last week proposed a package of emergency measures to curb energy prices, including windfall profit levies on energy firms for governments to recycle into cushioning businesses and citizens from sky-high energy bills this winter.

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