<ul><li>Will propose mandatory target for reducing electricity use at peak hours</li><li style=““ class=“text-align-justify“>Will propose a cap on revenues of companies producing electricity with low costs</li><li style=““ class=“text-align-justify“>Will propose a solidarity contribution (of profits) for fossil fuel companies</li><li style=““ class=“text-align-justify“>Will propose a cap on Russian gas</li></ul><p style=““ class=“text-align-justify“>There are no additional details beyond this for now but von der Leyen highlighted some numbers in the statement which sees EU common storages of energy supply at 82% and that they have reduced Russian gas as a total of imports to only 9% (from 40% at the beginning of the Russia-Ukraine conflict).</p>

This article was written by Justin Low at forexlive.com.