I just saw something interesting happening in Europe. The European Commission is about to announce fairly strong measures to curb the impact of energy prices that just keep on rising.

According to the data, on April 13 they will present a proposal to reduce taxes on energy and grid fees, aiming to promote clean technologies while softening the blow from gas and oil prices that have skyrocketed. But it doesn’t stop there. On April 22, they will publish a policy document with more concrete measures designed to protect both businesses and consumers from this energy crisis.

What many people don’t realize is the scale of the problem. Since the conflict in Iran began and the closure of the Strait of Hormuz intensified concerns, the situation has become critical. A report from the Jacques Delors Institute shows that 22 EU member states have implemented more than 120 individual measures, spending more than 900 million euros just to ease the impact of gas prices and other energy costs. On top of that, additional spending for importing fossil fuels has reached 1,300 million euros.

This is not a minor issue. Europe is racing against time to stabilize energy prices before the situation completely gets out of control. The price of gas will remain a key factor in upcoming economic policy decisions. It’s definitely worth keeping a close watch on how these measures play out in the coming days.