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Reuters
Reuters
Business
By Jason Hovet and Kate Abnett

EU plans Sept 30 summit to greenlight emergency energy plans

FILE PHOTO: Czech Minister of Industry and Trade Jozef Sikela gives a news conference during an extraordinary meeting of European Union energy ministers in Brussels, Belgium July 26, 2022. REUTERS/Johanna Geron

European Union energy ministers will attempt to approve new bloc-wide measures to pull down soaring gas and power prices at an emergency summit on Sept. 30, after Brussels announces the proposals this week.

The European Commission is drafting a package of measures aimed at cushioning individuals and businesses from surging energy costs that are stoking record-high inflation, hampering industrial activity and inflicting sky-high bills upon households ahead of winter.

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