Cut electricity taxes

The EPP Group is in favour of new measures to reduce energy prices. "We back targeted measures, such as reducing electricity taxes. Prices of fuel across Member States should also be monitored, and preventive steps considered by EU leaders in case of unjustified price hikes that exploit consumers," said Markus Ferber MEP, EPP Group spokesman on the Economy, ahead of the EU leaders' meeting taking place in Brussels this week.

"Europe must act now to keep prices low, while building a more resilient and independent energy system. This situation calls for a calm, coordinated and European response that benefits citizens and businesses, as outlined by Commission President Ursula von der Leyen in her letter to the European Council," adds Christian Ehler MEP, EPP Group spokesman in the Parliament's Committee on Industry, Research and Energy.

Ehler also stressed that, despite global tensions continuing to impact energy markets, Europe’s energy supply remains secure. "The EU must take a structural approach in the long-term: accelerating clean energy, strengthening European grids, and reducing dependency on foreign actors," he said.