EU Commission recommends rapid action on high energy prices

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The European Commission on Wednesday presented what it termed a “toolbox” for member states to use to protect households and businesses against rapidly rising energy prices without infringing the bloc’s competition rules. The current price spike required a “rapid and coordinated response” and the existing legal framework allowed the EU to take action to address the immediate impacts, it said. Among the measures proposed by Energy Commissioner Kadri Simson are emergency income support to households, state aid for companies, and targeted tax reductions. The commission is also considering medium-…

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