More than 1,300 European industry organizations have urged Brussels to lower energy prices and carbon costs to save the EU’s competitiveness. The plea came in a declaration released on Feb. 11 at two days of high-level talks in Brussels, dedicated to industrial revival.
“Bring energy and carbon costs down. The costs of energy in Europe are simply too high to compete and are not only driven by commodity prices but also by regulatory charges,” reads the “Äntwerp Call to Alden Biesen.”
Multiple media outlets have quoted industry executives calling for electricity prices to return to pre-2021 levels of €44 ($52) per MWh from the current €80-100 range. The single greatest factor in the price rise are the sanctions which prohibit imports of Russian gas.
