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EU Eyes Emergency Talks on Energy Crisis With Prices Spiking

  • Czech Republic considers calling ministerial gathering
  • Prague currently holds rotating presidency of European Union

European Union energy ministers may hold an emergency meeting to discuss the spike in power markets as leaders strike a more urgent tone on the unfolding crisis.

The Czech Republic, which holds the EU’s rotating presidency, is considering calling a gathering to debate the idea of capping electricity prices, the CTK newswire cited Industry Minister Jozef Sikela as saying. He added the Czechs would favor an EU-wide price limit but gave no details on the potential new measures.