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