I just saw that the EU is urgently moving forward on the issue of gas prices and energy. On April 13th, the European Commission will propose reducing taxes on energy and network fees, trying to ease the crisis that keeps growing. And the most interesting part is that on April 22nd, they will publish a political document with all the measures to protect both businesses and consumers from the economic blow caused by this surge in prices.

What is happening is quite serious. During the Iran conflict, the closure of the Strait of Hormuz triggered alarms about the persistence of high energy prices. The numbers speak for themselves: since the war began, 22 member states have implemented more than 120 individual measures to try to curb the impact, with spending exceeding 900 million euros. Additionally, just in fossil fuel imports, the EU has had to spend an extra 1.3 billion euros.

What is clear is that the price of gas has become a time bomb for the European economy. The measures they will announce aim not only to reduce taxes but also to promote clean technologies at the same time. It’s interesting to see how the energy crisis is forcing political decisions that probably should have been made a long time ago. The price of gas will continue to be the key factor to monitor in the coming months.