Today EU Leaders have an opportunity to re-balance the EU’s energy policy and make energy affordability and security of supply just as important as the decarbonisation goals. Over the last six years average electricity prices in Europe have increased by 29%. In USA and Japan prices went up by only 1% and 5%.
This is a worrying trend for European businesses and citizens. Today between 50 and 125 million people are affected by energy poverty in Europe. In Bulgaria, Portugal, Lithuania, Romania, Cyprus, Latvia and Malta over 30% of people are unable to keep their homes warm and face disproportionately high energy bills.
Read my latest article about the role of coal and clean coal technologies in keeping energy bills low and reducing the cost of decarbonisation on EurActiv’s website.