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EU Industry Urges Lower Electricity Costs in Electrification Plan

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Europe 13 Mar 2026 04:02 PM IST Steel Orbis

Europe’s energy-intensive industries are pushing for lower electricity costs to be made a central part of the EU’s upcoming Electrification Action Plan. In a joint position paper, groups representing steel, chemicals, metals, cement, and paper warned that persistently high power prices are undermining industrial competitiveness and putting decarbonization investments at risk. They are also calling for stronger support for electrification projects, faster development of the EU Single Market for Energy, more cross-border electricity interconnections, and greater system flexibility through renewable and low-carbon energy sources. Industry bodies say the EU must strike a better balance between climate goals and industrial viability, or risk losing manufacturing strength to regions with cheaper and more stable energy.