EU countries to hold extraordinary meetings on energy crisis

Energy ministers of EU member states will hold an extraordinary meeting in Brussels on September 30 to discuss measures to be taken against the increase in electricity and natural gas prices.

European Union (EU) countries will hold an extraordinary meeting to discuss the energy crisis. Jozef Sikela, Minister of Industry and Trade of the Czech Republic, the rotating EU president, posted on his social media account about the energy crisis in Europe and the measures to be taken against it. Stating that he called the energy ministers of the member states to an extraordinary meeting in Brussels on September 30, Sikela stated that they will evaluate the proposals prepared by the EU Commission for high energy prices. Pointing out that they are working in close cooperation with the Commission and member states, Sikela said, "On September 30, we will finish the work we started last week." Following Russia's indefinite cut-off of natural gas deliveries to Europe from the Nord Stream pipeline, the energy ministers of EU member states held an extraordinary meeting in Brussels last week. At the end of the meeting, EU countries tasked the EU Commission to quickly prepare legislative proposals to limit the revenues of low-cost electricity producers, collect contributions from fossil fuel companies, impose a price ceiling on natural gas, reduce electricity demand and provide liquidity to energy companies. The details of the proposals are expected to be announced tomorrow in the "State of the Union" speech by EU Commission President Ursula von der Leyen to the European Parliament (EP) Plenary. Follow Global Economic Developments on Social Media! Click here to follow Ieconomy official Facebook account! Click here to follow Ieconomy official Instagram account! Click here to follow Ieconomy official Twitter account!