The European Union is considering measures to ease energy cost pressures on industries, according to a European Commission document reviewed by Reuters. Officials are examining options such as adjusting energy taxes, network charges and carbon costs to help companies struggling with high electricity prices while still maintaining the bloc’s long-term climate goals.
The proposal comes as European companies warn they are losing competitiveness to rivals in the United States and China due to higher energy bills. Commission President Ursula von der Leyen is expected to present policy options at an EU summit on March 19, with temporary “bridge” solutions potentially offering relief for the next two to five years.
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