New EU report on the rising retail energy prices in Europe suggests ways to cut consumer costs and keep EU businesses competitive in the global market.
Between 2008 and 2012 retail energy prices in Europe rose significantly despite falling wholesale electricity prices and stable wholesale gas prices. Differences between EU countries are also marked, with some consumers paying 2.5 to 4 times more than others.
Focusing on gas and electricity, the EU’s report on energy prices and costs analyses why retail prices are rising and suggests how consumers and industry can save energy and money.
Cutting consumers' energy costs
The EU aims to complete the common energy market in 2014 and further develop energy infrastructure. A more liberal and coordinated market should boost investment and competition and improve efficiency in several areas. This should lead to price reductions and a more level playing field within the bloc.
See full Press Release: http://ec.europa.eu/news/energy/140129_en.htm
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