EurOil: European Commission calls for ending of energy support measures this year

The European Commission called on member states this week to phase out measures aimed at protecting consumers from high energy prices by the end of the year in order to safeguard public finances.

“All member states should wind down the energy support measures in force by the end of 2023,” the EU executive said in its annual recommendations. The fulfilment of those recommendations helps member states secure grants from the EU Recovery Fund.

“Should renewed energy price increases require the implementation of support measures, these should be targeted at protecting vulnerable households and firms, [be] fiscally affordable and preserve incentives for energy savings,” the Commission said.

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