Commission steps up efforts to lower energy prices for industries and consumers
The Commission is doubling down on its efforts to lower energy prices and effectively bring quick relief to industrial and households’ consumers. Energy prices in Europe remain too high compared to our competitors, with a risk of hindering the competitiveness of major industrial players and our economy overall, as well as the quality of life of our citizens.
Building on the Affordable Energy Action Plan put forward at the very beginning of the mandate, the Commission is now setting out 7 specific actions to be implemented in close cooperation with the Member States to urgently bring energy prices down. These actions include making full use of the enhanced state aid framework, maximising the use of EU cohesion funds, putting focus on cross-border interconnectors and grid infrastructure, and further diversifying our gas supplies.
Another key factor keeping energy prices high in Europe relates to taxation, especially for electricity. Taxes can represent up to a third of the energy bill. Reducing them can make a real, immediate difference, notably for energy-intensive industries and vulnerable consumers. The Commission will shortly issue recommendations and come forward with additional assistance on lowering energy bill taxation.
These actions build on practices that have proved efficient in recent years. The Commission has and will continue to provide all the support it can to the Member States in tackling this crucial challenge.
Commissioner for Energy and Housing Dan Jørgensen said: “We have taken action to lower energy prices from day one, most notably with the Affordable Energy Action Plan, that starts showing its effects on the ground. However, prices remain too high compared to our main competitors. Our citizens and our businesses, notably energy-intensive industries, need quick relief. It is our shared responsibility, together with Member States, to step up the game and deliver concrete solutions fast.”
More information on the actions to lower energy prices is available online.
