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Brussels Battles Burdensome Energy Bills
The European Commission is reviewing short-term measures to cut industrial energy costs. It focuses on network charges, taxes, and carbon-related expenses. These components represent nearly 30% of industrial electricity bills. President Ursula von der Leyen will propose options before the March 19 EU summit. The review responds to manufacturer warnings that high energy prices undermine competitiveness against China and the United States. Officials note member states underutilize existing aid schemes and long-term power contracts that could provide immediate relief.
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