EU agrees power consumption cuts

EU agrees power consumption cuts
Friday 30 September 2022 - 13:29

EU ministers on Friday agreed on cuts to peak-hour power consumption and to impose windfall levies on energy companies in an urgent effort to bring down sky-high energy prices.

The decision, announced by the Czech Republic in its role holding the EU presidency, aims to mitigate energy prices sent soaring by Russia’s war in Ukraine. They are already fuelling record inflation in the bloc as winter looms.

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