With consumers in the EU’s 27 member states reeling from record energy bills after Russia cut natural gas supplies, governments are pushing the Commission for region-wide solutions to mitigate the crisis. They would build on a previously proposed intervention package that includes a windfall levy, price cap on lower-cost electricity and a mandatory power demand reduction target.
The energy crisis will be a key topic during an informal meeting of EU leaders in Prague on October 7th, and a quarterly summit scheduled for October 20th and 21st in Brussels. Nations that oppose a price cap say that such a move would effectively encourage more consumption of the fuel at a time when the EU is seeking to cut its use.
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