Emergency energy price measures implemented by the European Union in 2022 will not be extended further, the European Commission said on Monday, bringing to an end hundreds of billions of dollars in tax cuts, subsidies and other incentives. Citing electricity prices that have dropped to under 80 euros per megawatt-hour and a major drop in gas prices, the Commission said that a repeat of 2022’s electricity price spikes were no “less probable” for next winter, Reuters reports.
The emergency measures, initially proposed in September…Despite Soaring Inflation, EU Says Won’t Extend Emergency Energy Measures
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