The European Commissioner for Energy recommended on Tuesday, March 10, to member states that have budgetary room to reduce energy taxes, especially on electricity, to do so in order to offset price increases caused by the war in the Middle East.
“If you have the possibility to reduce energy taxes, especially on electricity, there is enormous potential,” stated Dan Jorgensen, at a press conference organized at the European Parliament in Strasbourg, reports Agerpres.
The European Commissioner suggested a potential reduction of consumer bills by around 200 euros per year, on average.
According to Brussels, taxes and duties on electricity account for approximately 25% of the price for households and 15% for businesses.
“These must be temporary and targeted measures, so as not to raise the issue of a fundamental change in the price structure” in Europe, nor the “carbon price,” stated Commissioner Jorgensen, despite pressures from some industries and countries such as Italy.
In the context of the war in the Middle East, the EU is closely monitoring “the situation to determine if there is a need to take emergency measures,” emphasized the European Commissioner, referring to ongoing discussions with the International Energy Agency (IEA) regarding the possible use of strategic oil reserves.
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