EU to Consider Options to Cut Energy Prices This Decade

The European Union is set to discuss short-term options to lower energy prices in the coming years, while the green transition takes effect.

The cost of energy has forced its way up the EU political agenda, with heavy industry blaming it for factory closures and the US and Israeli war with Iran sending oil and gas prices spiking. On Friday, the European Commission, the EU’s regulatory arm, will discuss potential actions to reduce power prices, setting the scene for EU leaders to tackle the issue at a summit on March 19.