EU energy ministers are calling for a 10% reduction in electricity consumption. According to the WSJ, the electricity rationing plan appears to have support from many member states. Today‚Äôs emergency meeting is just the latest of many efforts the EU has made to quash economic upheaval due to industry shutdowns, and to prevent protests due to skyrocketing energy prices. A meeting of EU energy ministers on Friday has suggested that each EU country implement strategies to reduce overall electricity consumption by a minimum of 10 percent, the Wall Street Journal has reported. The EU should also reduce electricity by at least 5% during peak price hours, according to a draft document seen by the WSJ. The EU asked its members earlier this summer to reduce gas consumption by 15% starting this fall and running through the winter. While initially a request, it left the door open for it to […]

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