The bloc is planning to propose measures to ease the energy market this week, the news outlet reports citing a draft document
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The EU will refrain from introducing gas price caps immediately, Bloomberg reported on Tuesday citing a draft proposal from the European Commission.
According to the news outlet, the proposal lists measures aimed at easing the region’s volatile energy market and tackling the energy crisis.
“This is the moment to act, for this winter and beyond… The current situation causes economic and social hardship, placing a heavy burden on citizens and on the economy. Rising energy costs are leading to reduced purchasing power for citizens and loss of competitiveness for companies,” the draft states, as cited by Bloomberg.
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