EU exec to propose lower electricity taxes to counter Iran price shock
Published on March 19, 2026.
The European Commission is planning to propose lower taxes on electricity and lower prices to counter the energy price shock caused by the U.S.-Israeli war on Iran. The proposal includes lower tax rates on electricity, making it more tax efficient than traditional fossil fuels. The Commission also plans to provide financial support for the industry through investments aimed at encouraging companies to move away from fossil fuels in the future.
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