Czech convened an extraordinary meeting of EU energy ministers on September 9 to find solutions to respond to energy prices.

The urgent meeting will take place in Brussels, Belgium, to discuss specific measures to resolve the current energy crisis.

The Czech Republic is acting as the President of the European Union (EU).

Czech Industry and Trade Minister Jozef Sikela speaks in Brussels, Belgium, July 26.

According to Sikela, Europe has made a big mistake of being naive, believing that Russia may be a reliable partner and European energy security can rely on cheap gas supply from Russia.

Czech Prime Minister Petr Fiala on August 29 discussed with the President of the European Committee Ursula von Der Leyen about feasible plans to help people and businesses overcome the crisis and be able to receive support.

Von Der Leyen on the same day describing the energy crisis surrounding Europe has shown the limitations of the regional electricity market, requiring emergency intervention to cool down.

The Government of some EU members such as Germany, Austria and Belgium recently called for reforming the valuation mechanism in the European energy market, separating the gas and electricity market.

According to the current system, all electrical manufacturing units, fossil fuels, winds or solar energy, bidding to the market, offer prices at their production costs.

Because most EU countries still depend on fossil fuels to meet the energy needs, the last electricity price is usually set at gas prices.

Spain, Greece, Italy, France and Portugal support the price of gas burning from other cheaper energy sources.

European electricity price increased to a new record on August 26, signaling a difficult winter across the continent.

The British government today announced an increase of 80% of the price of electric ceiling and gas, the risk of the crisis of living costs worse.