EU WEIGHS RETURN TO ENERGY CURBS – Bloc considers 2022-style measures as Iran war drives surge in energy prices
The European Union is considering reintroducing emergency energy measures first used during the 2022 gas crisis, as the Iran war continues to disrupt global markets.
EU Energy Commissioner Dan Jorgensen says proposals include cutting electricity taxes and grid tariffs, as officials prepare for a prolonged period of instability.
The bloc previously introduced price caps, windfall taxes and demand limits after Russia reduced gas supplies following its invasion of Ukraine.
Jorgensen warned that even if the conflict ends soon, damage to energy infrastructure in the Middle East could have lasting consequences.
European gas prices have already surged sharply since the war began, highlighting the region’s vulnerability to global supply shocks despite sourcing much of its energy outside the Middle East.
