Thursday, October 13, 2022

EU To Present Package Of Proposals To Tackle Skyrocketing Energy Prices On October 18 - UrduPoint

The European Commission is working on a package of proposals to be presented on October 18, aimed at combating soaring energy prices, European Commissioner for Energy Kadri Simson said.

"The prices are still unsustainably high. The Russian pipelines' flows have dropped under 10%, and attacks on EU energy infrastructure increase the uncertainty further. This is why the Commission is working to present a package of proposals on October 18, and it will not be the last such package," Simson said at a press conference following an informal meeting of EU energy ministers in Prague.

According to the energy commissioner, a proposal for capping the price of gas used for power generation might be considered if a majority of member states support this measure.

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