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Energy crisis tops EU leaders’ meeting agenda: EU Council head

The looming energy crisis will be the focal point of EU leaders' meeting agenda on Oct. 20-21, the EU Council head said Tuesday.

In his invitation letter to EU leaders, Charles Michel said they “must act with the utmost urgency” on the energy crisis, adding: “We must imperatively intensify our three lines of action: reducing demand, ensuring security of supply and containing prices.”

The leaders at the European Council meeting will also discuss measures to reduce prices by “fully capitalising on the negotiating clout of our unity at 27 by jointly purchasing gas, developing a new benchmark that more accurately reflects conditions on the gas market, and examining a temporary dynamic price limit,” said Michel.

“I also expect us to address other short and long-term market interventions, such as an EU framework to cap the price of gas for electricity generation,” he added.

Michel noted that although member states have different national constraints, he said he is confident that discussions will be constructive and mindful of the bloc’s “urgent collective interest.”

Source: Anadolu Agency