The Action Plan for Affordable Energy, which accompanies the Clean Industrial Deal presented by the European Commission on 26 February, is intended to relieve the energy bills of European consumers and industries, which currently face prices two to three times higher than those of their American and Chinese competitors, by enabling them to save annually up to a total of €260 billion between now and 2040.
The Commission calculates overall savings of €45 billion in 2025, rising...