EU must act now on ‘catastrophic’ energy price spike, says European Council chief

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Charles Michel says bloc must address price caps and has been too late in putting ‘concrete proposals on the table’

had been too late in coming up with proposals on the price crisis despite repeated calls from EU leaders for action.

EU energy ministers will hold emergency talks on 9 September, but it is not expected they will have official proposals to discuss. “An ideological debate on instruments is not enough. We need concrete and operable proposals on the table in order to deliver.”

 

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Fact is the ulraine price has panicked the market into an inflated price for gas. That has spilled into Oz in terms of spot price The actual price to produce especially somewhere like WA is quite small but the formula used for setting energy prices is centred around gas price

All part of the script it would seem.

I'm JESUS ​​CHRIST 'Michael Archangel'the Vengeance and every kind of payment belong to me!There will be so much famine that you will eat the flesh of your children,and each one will eat the flesh of his neighbor.I am the angel of death,the son of God.When I act who will stop me?

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