EU Spent 18 Billion Euros on Energy Support

European Union governments spent 17.9 billion euros this year to shield households and firms from high energy costs. The European Commission urged member states to better target their financial support and prioritize long-term decarbonization efforts.

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FILE PHOTO: European Union flags flutter outside the European Commission headquarters in Brussels, Belgium April 29, 2026. REUTERS/Yves Herman/File Photo

European Union governments spent €17.9 billion in 2026 to cushion households and firms against surging oil and gas costs, according to the European Commission. The spending reflects fallout from elevated fossil fuel prices tied to the Middle East conflict. More than two-thirds of the fiscal support went toward untargeted price measures rather than vulnerable groups.

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