EU must act now on ‘catastrophic’ energy price spike, says European Council chief

Charles Michel says bloc must address price caps and has been too late in putting concrete proposals on the table'

The EU must make up for lost time" in finding urgent answers to an energy price spike that is a catastrophe" for households and businesses, the head of the European Council, Charles Michel, has said.

Michel, who chairs EU leader summits, said the bloc needed to address the question of price caps, an idea backed by many EU member states.