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Alarm bells ring over EU states’ €500bn spending on energy subsidies to citizens

John Downing


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EU Commission president Ursula von der Leyen. Photo: Frederick Florin/AFP via Getty Images

EU Commission president Ursula von der Leyen. Photo: Frederick Florin/AFP via Getty Images

EU Commission president Ursula von der Leyen. Photo: Frederick Florin/AFP via Getty Images

The EU’s ambitious draft plans to co-ordinate energy policy are gradually being dialled down, leaving Ireland pretty much on its own for the Budget in five days’ time.

Just last week to great fanfare, European Commission president Ursula von der Leyen set out measures aimed at lowering power prices, including energy company windfall taxes to subsidise lower household bills, and proposals to cut electricity use during peak hours.


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