EU Energy Ministers Meet to Discuss Power Price Surge

EU Energy Ministers Meet to Discuss Power Price Surge
EU commissioner-designate in charge of Energy Estonia's Kadri Simson speaks during her confirmation hearing at the European Parliament in Brussels on Oct. 3, 2019. Aris Oikonomou/AFP via Getty Images
Reuters
Updated:

Energy ministers from European Union countries will on Wednesday (September 22) discuss the soaring price of gas and electricity across Europe, as some governments draw up measures to protect their consumers.

Benchmark European power prices have rocketed this year, more than trebling in Spain and elsewhere, partly because gas prices have been driven up by factors such as low storage stocks, high EU carbon prices, and low renewable energy output.