Leaders of European Union countries will discuss surging energy prices when they meet next month. Governments try to save households from the rising costs of gas and power, Euractiv.com reports.
European gas prices have risen by more than 300% this year. The factors include low storage levels, outages and high demand as economies recover from the COVID-19 pandemic.
Luxembourg called on the European Commission to protect the EU’s internal energy market and safeguard it against potential manipulation by companies. “It is up to the Commission to ensure the integrity of the European internal market and to ensure that no company takes advantage of its dominant position to exert influence on prices,” Luxembourg energy minister Claude Turmes said in a letter to the EU’s energy and antitrust chiefs. According to Euractiv.com, the letter asked the Commission to take immediate steps to identify potential abuses.