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Euronews
Euronews
Marta Pacheco

Industry bosses call on EU leaders for 'urgent and bold' action to cut energy prices

European Union Europe Ursula von der Leyen Draghi Euronews Peter Liese Electricity

High energy prices in Europe are setting back energy-intensive industries and the European Union must take urgent measures to bring power costs down, industry leaders demanded after a summit in Antwerp on Wednesday.

"EU electricity prices in Europe still remain higher inside Europe than in competing countries. Carbon costs are unique to Europe, and the system is designed to increase costs year-on-year," reads the declaration, which is signed by more than 100 organisations.

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