The 27 energy ministers of the European Union are prepared to agree on a set of policies on Friday that will lessen the effects of the current energy crisis. However, they will also clash over the potential implementation of a price ceiling on imports of wholesale gas. The package includes a windfall tax on fossil fuel companies, a temporary ceiling on the profits of low-cost power producers, and a requirement that the 27 EU member states cut back on their use of electricity during peak pricing periods. European Union nations are considering ideas from the European Commission that, according to the executive arm of the group, may help raise $140 billion to aid individuals and businesses affected by the crisis as energy costs soar throughout Europe.
