EU Overpaid Over USD 113.5 Billion for Energy Amid Price Surge
· Business · bernama, Reuters
European Union member states overpaid more than USD 113.5 billion for energy supplies throughout 2026 following severe market price hikes. An EU commissioner revealed the figures, attributing the massive financial burden to constrained supplies and escalating global commodity costs. The surplus expenditure has strained public finances and industrial competitiveness across the bloc. Specific figures broken down by individual member states have not been released.
Why it matters
Excessive energy costs burden European taxpayers and industrial sectors, influencing future EU trade and supply diversification policies.
Read the original report — bernama
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