EU Leaders May Give Green Light to Energy-Crisis Relief Plans
- Heads of government to discuss energy price hikes Oct 21-22
- Leaders set to mandate plans to shield consumers and companies
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European Union leaders are poised to authorize next week emergency measures by member states to blunt the impact of the unprecedented energy crisis on the most vulnerable consumers and companies.
Heads of government will likely invite EU nations and the European Commission to “make the best use” of a toolbox published on Wednesday to provide short-term relief to households and businesses, according to a draft statement seen by Bloomberg News. The energy crisis forced its way to the Oct. 21-22 EU summit after gas and power prices surged to record levels amid supply shortages.