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The Economic Times

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EU plans lower taxes on clean energy in drive to cut power bills

The European Union is set to propose new regulations next month. These plans aim to cut taxes on renewable energy and boost electricity system flexibility. High energy costs are a major concern for the EU economy. The proposals seek to lower excise taxes on electricity compared to natural gas. Targeted tax reductions for energy-intensive industries are also planned.

6 Jun 2026 11:16 pm