This document analyses the European Commission’s Communication Energy Prices and Costs in Europe, and it identifies the main conclusions.
The Communication aims to identify the main drivers that influence electricity and gas price increases. Additionally, the European Commission (EC) compares EU prices and costs with those in competing countries, such as the US, China, Brazil and Mexico. Based on these statistics (mostly Eurostat figures from 2008 to 2012), the EC outlines the effects of energy prices on industrial competitiveness and private households’ capacity to bear increasing energy prices, trying to provide solutions to control price increases.
