High gas prices have been followed by disruptions in the nuclear and hydroelectric sectors amid a heatwave blamed on climate change -- threatening businesses and households with massive bills.
"My impression is, I think our common impression is, that this will now succeed more quickly across Europe than under other framework conditions," he said. Some member states have launched price reduction measures of their own, but Brussels believes EU capitals working together will be more effective.
The move comes as the 27-nation bloc is trying to shed dependence on supplies of Russian oil and gas following Moscow's assault on Ukraine. The aim is for the EU to be able to bolster its reserves of gas in time for what is likely to be a very tough winter.
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