The Options and Challenges for Europe's Emergency Power Plan
- EU plans to intervene in energy market as crisis deepens
- Bloc wants to take both short-term and long-term measures
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With the energy crisis deepening and winter fast approaching, the European Union is planning emergency measures to tackle soaring power costs pounding businesses and households.
The idea is to limit prices in the short term and in the longer term change the way energy is priced by severing the link between gas and electricity. Officials are rushing to come up with a plan and how they’ll do this isn’t yet clear, with some big challenges to overcome.