October 18
2021
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Trajan Shipley
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13th October 2021
Energy & Transport

Commission publishes communication on energy prices

The European Commission has presented today a communication including a toolbox to tackle the exceptional rise in global energy prices, projected to last through the winter. The toolbox is intended to address the immediate impact of current price increases, and further strengthen resilience against future shocks.

The toolbox includes both short-term measures and a quest for the acceleration of the clean energy transition. Short-term measures include providing emergency income support for energy-poor consumers, temporary deferrals of bill payments, temporary, targeted reductions in taxation rates for vulnerable households and providing aid to affected companies in line with EU State aid rules.

According to the communication,

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