EU member states have collectively earmarked €500bn to support households and businesses against high energy prices which are largely-driven by gas prices (Photo: Aki Mykkänen)

Analysis

Everything you need to know about the EU gas price cap plan

EU Political

Green Economy

by Elena Sánchez Nicolás and Wester van Gaal, Brussels,

Energy ministers are meeting on Friday (30 September) to discuss ways to reduce energy prices and shield citizens and industry from soaring bills.

EU member states are expected to agree on a wide range of measures, including a revenue cap on energy generators, and a special windfall tax imposed on fossil-fuel companies, expected to yield €140bn, which will be used to support households and businesses across Europe.

A missing part of the puzzle is how to deal with the gas price it...

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EU Political Green Economy Analysis

Author Bio

Elena is EUobserver's Managing Editor. She is from Spain and has studied journalism and new media in Spanish and Belgian universities. Previously she worked on European affairs at VoteWatch Europe and the Spanish news agency EFE.

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EU member states have collectively earmarked €500bn to support households and businesses against high energy prices which are largely-driven by gas prices (Photo: Aki Mykkänen)