As high costs continue to affect industries and economic competitiveness, the European Commission plans to protect its heavy industry from rising electricity prices by considering changes to national taxes, network charges and carbon costs, a document discussed by EU leaders and seen by Euronews reveals.
Energy-intensive industries such as chemicals, steel, and aluminium, which depend heavily on large amounts of power to operate, have been calling on the EU to address rising electricity and gas prices even before energy prices soared further after the United States and Israel launched their strikes on Iran.
