In 2022, the prices of museums, libraries and zoological gardens in the EU increased by +4% compared with 2021, up from +3% in 2021 compared with 2020, as measured by the harmonised index of consumer prices (HICP). During the pandemic year of 2020, the HICP for these cultural goods and services was at a five-year low of +2% compared […]
Council agrees on mechanism to limit excessive gas prices
EU energy ministers reached a political agreement on a Council regulation that sets a market correction mechanism to protect citizens and the economy against excessively high prices. The regulation aims to limit episodes of excessive gas prices in the EU that do not reflect world market prices, while ensuring security of energy supply and the […]
Extraordinary Transport, Telecommunications and Energy Council (Energy), 9 de septiembre de 2022
Main results EU energy ministers held two exchanges of views on the energy situation in the EU. Measures to mitigate high energy prices During the first discussion ministers expressed their preferences on different policy options to alleviate the burden of high energy prices on citizens, public services, businesses and industry, which could be implemented at the EU-level in a short […]
European Commission approves Spanish and Portuguese measure to lower electricity prices
The European Commission has approved, under EU State aid rules, a €8.4 billion Spanish and Portuguese measure aimed at reducing the wholesale electricity prices in the Iberian market (MIBEL) by lowering the input costs of fossil fuel-fired power stations. The measure was approved under Article 107(3)(b) of the Treaty on the Functioning of the European […]
Slight rise in electricity prices, gas prices stable
In the first half of 2019, average household electricity prices in the European Union (EU) increased slightly compared with the first half of 2018 (€20 per 100 kWh), standing at €21 per 100 kWh. Average gas prices in the EU were stable and stood at €6 per 100 kWh in the first half of 2019. […]