Energy Prices and Costs in Europe
Communication from the Commission to the European Parliament, the Council, the European Economic and Social Committee and the Committee of the Regions
Energy price rises are a major political concern. They create additional cost burdens on hard-pressed households and industry and affect Europe's global competitiveness. The European Commission, in response to a European Council request, has prepared an in-depth analysis of energy prices and costs in Europe, to help policy makers understand the background context, the impact of recent price rises on consumers and the political implications.
The report provides extensive and detailed data drawn from a wide range of sources. It assesses trends in energy prices and energy costs and explores their possible causes, as well as drawing conclusions to help inform decisions on the policy measures needed to address this issue.
The focus of the report is electricity and gas prices. In the global markets for oil and coal, energy consumers across the globe pay broadly the same price. So price differentials - that can raise costs to consumers and generate competitive advantages or disadvantages – are less of a concern. That is why these two fuels and the transport sector are not covered extensively in the report.
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