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Options Open Ahead of Wednesday's EU Energy Meeting

ENERGY

EU energy ministers will meet in Prague on Wednesday to discuss their next move to tackle Europe’s energy crisis with a number of options still being debated amongst members.

  • It follows recent measures pushed through by the EU covering energy windfall profit levies, gas storage filling obligations, and electricity demand curbs.
  • A majority of EU states say a gas price cap should come next but disagree on whether it should apply to all gas trades. It has most notably been opposed by Germany and the Netherlands.
  • Ministers will also discuss joint gas buying among countries this week and the potential to negotiate lower prices with non-Russian suppliers as ways for the EU to tame energy prices.

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