EU Commission Criticises Energy Aid as Too Untargeted

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The governments of the European Union have spent EUR 17.9 billion this year to mitigate the effects of higher oil and gas prices on households and companies, is shown in a note by the European Commission, which calls on Member States to respond better to needs, reports Reuters, reports Agerpres.

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The EU states have already spent 17.9 billion euros this year in order to mitigate the consequences of more expensive energy for households and companies. More than two thirds of the support are flat-rate price measures, the EU Commission announced on Thursday. This does not correspond to the demand to target short-term measures on the most vulnerable people and to minimize the costs for the state, says the paper for a meeting of Euro Finance Mi…

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EU member states have spent 17.9 billion euros this year, equivalent to more than 200 billion kronor, on aid to mitigate the impact of high oil and gas prices on households and businesses. The European Commission is now urging governments to better target aid, Reuters reports.