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EU seeks solution for soaring electricity prices

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As electricity prices increase across the EU, the bloc’s energy and transport ministers met in Slovenia this week to discuss measures to help lower the energy transition cost and keep prices in check. Despite concerns that high power surges could delay plans for energy transition across the European Union, Energy Commissioner Kadri Simson put up a brave face, telling ministers on September 22 in the long run, the solution is more renewables and more energy efficiency.

The increase in electric…

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