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Austria announces price cap to curb rising power prices

Por: ABC News Business September 26, 2022

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BERLIN -- The n government on Wednesday announced plans for a power price cap to curb the rise in energy costs tied to Russia's war in .Chancellor Karl Nehammer said the cap should ease costs for an average household of three by about 500 euros ($494) per year. The government will provide around 3-4 billion euros to finance the measure, which will come into effect in December and last through the end of June 2024.“No one in Austria should... + full article



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