European industry leaders demand urgent action on high energy prices

Business executives warned EU leaders today that high energy costs are undermining global competitiveness. They called for direct intervention to lower bills.

Insights:
Top business leaders have publicly urged the European Union to take immediate action to lower energy prices, arguing that high and volatile electricity costs are eroding the competitiveness of European industries compared to the United States USUS and China CNCN. The appeal, issued today on February 11, 2026, comes immediately before an informal retreat of EU leaders where economic competitiveness plans are scheduled for discussion. Industry representatives warn that the disparity in industrial power costs is already influencing corporate strategy and the long-term viability of energy-intensive industries across the continent.
FILE PHOTO: An electrical power pylon of high-tension electricity power lines in Gardanne, France, January 22, 2025. REUTERS/Manon Cruz/File Photo
FILE PHOTO: An electrical power pylon of high-tension electricity power lines in Gardanne, France, January 22, 2025. REUTERS/Manon Cruz/File Photo
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