Home / Business and Economy / EU Power Bills Must Fall, Trade Group Urges
EU Power Bills Must Fall, Trade Group Urges
29 Oct
Summary
- Wholesale power costs have reached 2022 crisis levels.
- Eurelectric urges EU ministers to implement relief measures.
- Measures should be targeted, temporary, and focused on consumers.
Europe is grappling with a significant increase in power bills, as wholesale energy costs have surged to levels not seen since the 2022 energy crisis. This alarming trend has prompted Eurelectric, a key industry trade group, to formally address European Union energy ministers. The group has issued a strong call for the implementation of "targeted, time-limited" relief measures.
Eurelectric emphasizes that these interventions must be specifically designed to offer support to consumers who are bearing the brunt of these escalating costs. The trade body is urging governments to act swiftly and decisively to introduce policies that can effectively lower household energy expenses. The demand signals a growing concern over the potential economic and social impact of sustained high energy prices.
