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POWER: Austrian Government to Tackle High Energy Prices

POWER
AustriaEnergy BulletsEurozoneBulletPower BulletsCommodities

The Austrian government is working on measures to mitigate the impact of high power prices, Chancellor Christian Stocker said, cited by Bloomberg. 

  • “We want to ensure that we can avoid market-mechanism failures and manage to get by in these phases”, Stocker said.
  • The Austrian government is not planning to extend the energy price break but instead plans to introduce other measures to lower energy prices. The government did not disclose which measures it plans to introduce, according to APA. 
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The Austrian government is working on measures to mitigate the impact of high power prices, Chancellor Christian Stocker said, cited by Bloomberg. 

  • “We want to ensure that we can avoid market-mechanism failures and manage to get by in these phases”, Stocker said.
  • The Austrian government is not planning to extend the energy price break but instead plans to introduce other measures to lower energy prices. The government did not disclose which measures it plans to introduce, according to APA.