Reuters (December 23)
2024/ 12/ 23 by jd in Global News
“EU industries pay power prices 2-3 times higher than those in the U.S. Taxes made up, on average, 23% of the retail electricity price paid by Europe’s energy-intensive firms in 2023.” In addition, energy-intensive industries face “a more fragmented market than China and difficult access to credit.” Lowering taxes might be a way for policymakers “to offer fast relief” to industry.
Tags: China, Credit, Energy-intensive, EU, Fragmented market, Higher, Industry, Policymakers, Power prices, Relief, Retail electricity, Taxes, U.S.
