Friday, October 21, 2022

EU agrees 'roadmap' to contain energy prices, no agreement on a plan to protect their citizens from surging energy prices

EU leaders on Friday reached agreement on a "roadmap" aimed at putting in place measures within weeks to shield European consumers from soaring energy prices.



The accord came after 11 hours of wrangling over broad proposals to lower energy bills as gas prices pushed skywards by the war in Ukraine.

The bloc's 27 member states have been squabbling for months over which joint initiatives to adopt, riven by the fact that energy mixes in the countries vary greatly.

While the announcement of the summit text made a public show of unity, it was clear that the coming negotiations would remain difficult. One step in that would come next week with a meeting of EU energy ministers in Luxembourg.

The summit agreement set out a "solid roadmap to keep on working on the topic of energy prices", European Commission chief Ursula von der Leyen told a media conference.

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  EU fails to agree on cap on gas prices after 11 hour summit


European Union leaders have failed to reach an agreement on a plan to help protect their citizens from surging energy prices, despite hours of wrangling at a summit in Brussels.

The group’s leaders emerged from their second summit in as many weeks at about 2am in Brussels (00:00 GMT) with a “roadmap” to agreeing on a set of measures to lower energy bills, which have soared as a result of Russia’s spop in Ukraine.

While the announcement of the summit text made a public show of unity among the 27 member states, the absence of any decision on capping gas prices indicated negotiations would remain difficult.

“We do now have a very good and solid roadmap to keep on working on the topic of energy prices,” European Commission President Ursula von der Leyen told reporters in the early hours of Friday morning.

No timeframe was given on when a decision on price caps would be made, with EU energy ministers due to meet in Luxembourg on Tuesday for further discussions.

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