Europeans will pay an additional 350 billion euros ($395 billion) in energy bills next year as global demand for fuel and power threatens to keep prices elevated, according to Greece’s energy minister.
Kostas Skrekas said a new mechanism to help shield the most vulnerable citizens and middle-sized businesses from price increases should be created at the European Union level. It came as officials from Hungary and Spain voiced concern about recent volatility in carbon-emission markets at a meeting of environment ministers in Brussels.
