European Energy Bosses Urge Crisis Help to Be Renewable Friendly
- Governments take steps to protect households from high bills
- Measures shouldn’t undermine renewable spending, bosses say
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Bosses of some of Europe’s top electricity companies urged the region’s leaders to take measures that support the energy transition as part of efforts to protect consumers from surging power bills.
Executives at companies including Electricite de France SA and Iberdrola SA said governments should be careful that any help for consumers doesn’t discourage utilities from investing in clean energy. Fossil fuels are to blame for the current crisis that’s sent electricity and gas prices soaring, they said in a letter sent to heads of EU states on Thursday.