- As electricity prices surge on the back of dwindling gas supplies from Russia, calls are growing to bring relief to European households and businesses – some of which are being pushed to bankruptcy.
- This price cap on Russian gas, combined with a windfall profit tax for electricity firms, seems to have the favours of von der Leyen.
- In Spain, the VAT on gas will drop from 21% to 5% from October until the end of the year to help mitigate the impact of energy price hikes faced by those most vulnerable, Prime Minister Pedro Sánchez announced on Thursday.
The Green Brief: EU energy crisis is becoming systemic
