There is a political agreement in the EU Council on high energy prices

– We live in exceptional times and we are working in an exceptionally fast, coordinated and solidary manner to create a united front against Russia’s continued use of energy supplies as a weapon. Today’s agreement will bring relief to European citizens and businesses. Member States will flatten the electricity demand curve during peak hours, which will have a direct positive effect on prices. Member States will redistribute excess profits from the energy sector to those who have difficulty paying their bills, said Jozef Sikela, Czech Minister of Industry and Trade, whose country currently holds the six-month presidency of the EU Council.

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