Alarm bells are ringing because EU countries are spending €500 billion on energy subsidies to citizens

The EU’s ambitious energy policy coordination plans are gradually being scaled back, leaving Ireland pretty much alone with the budget in five days.

Just last week, European Commission President Ursula von der Leyen unveiled, amid much fanfare, measures to lower electricity prices, including windfall taxes from energy companies to subsidize lower household bills and proposals to reduce electricity use during peak periods.

https://www.independent.ie/opinion/analysis/alarm-bells-ring-over-eu-states-500bn-spending-on-energy-subsidies-to-citizens-42008119.html Alarm bells are ringing because EU countries are spending €500 billion on energy subsidies to citizens

Fry Electronics Team

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