Exclusive: EU plans to tackle energy crisis are revealed
Plans amount to radical reform of European electricity system as the energy price crisis continues to spiral out of control
The EU is planning to impose a price cap on lower-cost energy producers and ask member states to implement compensation schemes to encourage industrial users and households to reduce electricity consumption, the Business Post can reveal.
The plans are outlined in a draft paper, obtained by this newspaper, which have been prepared by the European Commission and circulated among EU energy ministers ahead of an emergency meeting in Brussels on Friday this week.
They amount ...