Report on energy prices and costs in Europe

Summary:

On 9 January 2019 the European Commission presented a report on energy prices and costs in Europe.

Further information:

This report and the accompanying staff working document present detailed data and analyses of trends in energy prices and costs for households and industry, for electricity, gas and oil products, in the EU as a whole, in Member States and in our trading partners. The report also examines data on energy taxation, revenues and subsidies.

The report highlights the ongoing volatility of energy prices, particularly those for globally set fossil fuel prices, whose recent price increases have a significant impact on the EU economy and raise the EU energy bill. Price rises underline the strong economic rationale for decarbonising the EU and increase the economic benefits of decarbonisation.

The report also assesses the ongoing improvements in the functioning of Europe’s energy markets and related legislative framework. This is important because efficient energy markets will lower energy costs, keep industry competitive, but also deliver revenues needed to finance future major investment in the sector.

Official

EUR-Lex: SWD(2019)1: Commission Staff Working Document accompanying COM(2019)1 https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=SWD:2019:001:FIN

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