Questions and Answers: Commission Communication on Energy Prices

13 Oct: Questions and Answers: Commission Communication on Energy Prices

(Source: European Commission)

Why has the Commission adopted a Communication on Energy Prices?

The European Union, like many other regions in the world, is currently facing a sharp spike in energy prices. This is a serious concern for citizens, businesses, the European Commission and governments all over the EU.

Today’s spike is principally driven by increased global demand for energy, in particular gas, linked to the global economic recovery. While energy price fluctuations have occurred in the past, the current situation is exceptional as European households and companies face the prospect of higher energy bills at a time when many …