Energy Crisis

EU to propose mandatory power-demand cut and levy on profits

Member states still need to sign off on steps after talks this week

The challenge will be to find an EU-wide solution that would fit each of the member states with their varying sources of energy, wealth and industrial strength. Picture: Getty

The European Union is set to propose a mandatory target to cut power use - a step toward rationing - along with measures to funnel energy company profits to struggling consumers as it tries to stem the crisis.

The EU’s executive arm will propose its package this week, though it will still need to be signed off by member states. Deep divisions were on display at a meeting of ministers last week and governments are ...