European Energy Policies, Henry Marsh, Edinburgh Jokes
The Gas Cooker Spencer Gore (1878-1914) Photo Credit: Tate [CC BY-NC-ND] All governments are struggling to find solutions. But there is a sense of urgent engagement in the EU that has been lacking in the UK. European governments are scrambling to find ways to protect households and businesses and the Czech Republic, which holds the EU's rotating presidency is weighing calling an emergency energy summit to discuss bloc-wide price caps. Many countries have already taken action. Spain has capped gas prices for a year, halved VAT on energy bills and slashed another tax on electricity to 0.5% and is taxing energy companies more, transferring the money to needy customers. Italy this month approved a new energy aid package worth 17bn euros, on top of 35bn euros earmarked since January for cost of living subsidies, and also aims to tax companies profiting from higher energy prices. Low income earners are getting a 200 euro extra payout. France has forced the state-owned electricity uti...