Wednesday, October 5, 2022

EU ministers sanction move to cut down energy prices

European Union energy ministers endorsed different approaches to tackle skyrocketing electricity prices.

• September 9, 2022
European Commission

European Union energy ministers endorsed different approaches to tackle skyrocketing electricity prices at a meeting on Friday in Brussels.

They are tasking the European Commission to come up with draft bills.

The measures include skimming off excess revenues of electricity producers to make the money available to struggling households and businesses.

Others are incentivising demand reduction,  establishing a gas price cap and supporting utility companies in financial difficulties.

This means the European Commission can put forward a first draft law as early as Tuesday, which will then be discussed and potentially amended by EU capitals before it can be approved.

Czech Industry Minister, Jozef Sikela, who chaired the talks, said he wants “clarity” by the end of the month on how European Union countries can tackle the crises jointly. 


We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

Aisha Buhari and Buhari in Military Uniform

Heading 5

PTSD: Army didn’t rehabilitate Buhari, I endured his mental issues for years, says president’s wife Aisha

“You can imagine myself at 19 years, handling somebody that went to war, suffered (a) coup d’état, then lost several elections, and, finally, getting to the Villa in 2015.”

Political party logos used to illustrate the story


Is Nigerian politics ready for disruption?

The mere existence of new parties is not a sufficient criterion for disruption. The new party must be offering a new or different value proposition.


Official corruption destroying education in Nigeria, says Jega

“The corruption that takes place within the education sector is a dwarf mirror image of what happens in the wider Nigerian context.”

Maj.-Gen. Aminu Chinade; ARMED SOLDIERS

Heading 3

Army general warns soldiers against helping politicians to rig 2023 elections

“Remain apolitical in order not to dent your career. Whenever you are called upon during the elections, you should remain neutral and apolitical.”

Ebola Patients

Heading 4

NCDC issues Ebola alert to Nigerians over Uganda EVD outbreak

The likelihood of “importation to Nigeria is high due to the increased air travel between Nigeria and Uganda, especially through Kenya’s Nairobi airport.”