European electricity companies call for rejection of gas price cap to reduce energy costs

Friday, 17 April 2026RSS
European electricity companies call for rejection of gas price cap to reduce energy costs

The Eurelectric association has urged the European Union to reject measures such as the 'Iberian exception' or gas price caps, arguing that they distort the single market and offer minimal benefits to consumers. In a statement, the association proposed alternative solutions, including tax reductions on electricity, shifting the tax burden to fossil fuels, and accelerating the deployment of clean, domestic energy sources to ensure long-term price stability.

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