EU countries propose using windfall profits from cheaper energy producers to aid consumers

EU countries are proposing to use windfall profits from cheaper energy producers to help consumers, Czech Industry and Trade Minister Jozef Síkela said after a meeting of EU energy ministers in Brussels on Friday.

However, the ministers didn’t find a consensus on capping the price of gas imported from Russia, as proposed by the European Commission. Central European countries, including Czechia, were particularly opposed to the proposal.

The meeting was called by the Czech Industry and Trade Minister to find a solution to the European energy crisis. The Czech Republic currently holds the rotating presidency of the EU Council.