Europe

EU Considers Electricity Tax Cuts, Subsidies Amid Iran War Surge in Energy Costs

Brussels says supply is secure but price spikes from the Middle East conflict are hitting households and industry.
EU Considers Electricity Tax Cuts, Subsidies Amid Iran War Surge in Energy Costs
European Commission President Ursula von der Leyen delivers a speech during the European Industry Summit in Antwerp, Belgium, on Feb. 11, 2026. Nicolas Tucat/Getty Images
Evgenia Filimianova
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The European Union is weighing electricity tax cuts and targeted subsidies to shield consumers and industry from surging energy costs amid the ongoing Iran war, European Commission President Ursula von der Leyen said on March 19.

Speaking after a European Council meeting in Brussels, von der Leyen said electricity prices are driven by energy costs, grid charges, carbon pricing, and taxes.

Evgenia Filimianova
Evgenia Filimianova
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Evgenia Filimianova is a UK-based journalist covering a wide range of international stories, with a particular interest in foreign policy, economy, and UK politics.