The European Commission is preparing a major overhaul of grid charges and electricity-related taxes to provide relief to households and citizens struggling with soaring energy prices, a document seen by Euronews reveals.
The decision comes as power bills are rising due to the Iran war and the closure of the Strait of Hormuz, which has blocked the transit of roughly 20% of the world's natural gas and oil supplies, unleashing a price shock across global energy markets.
