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EU Proposes Tax Breaks to Shield Consumers From Energy Rally

  • Bloc will also explore possibility of joint gas procurement
  • EU regulator to examine carbon market trading behaviour
Updated on

The European Union set out proposals for member states to help protect their most vulnerable companies and citizens from the unprecedented surge in energy prices. 

The rally in natural gas, power and emission permits is hurting consumers from German chemicals producers to Spanish households just as economies recover from the pandemic, boosting demand. With the bloc saying Tuesday it expects high prices through the winter, calls for coordinated action are getting louder.