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UK Draws Up Plans to Cap Revenues of Renewable Power Producers

  • Government aims to limit revenues from low-carbon power
  • Talks between government, power generators are ongoing

The UK is pushing ahead with plans to set up a cap on the revenues of renewable power producers, in a bid to limit the impact of soaring household energy bills.

Officials from the Department for Business, Energy and Industrial Strategy held talks Monday afternoon with some of the country’s biggest renewable power companies, according to people familiar with the matter who asked not to be named because the matter is private.