EU competition ministers discussed cutting EU electricity costs and funding for growing companies at a meeting in Dublin today.<\/p>\n
EU industrial electricity costs remain structurally higher than fossil fuels, sometimes two to three times higher than those faced by competitors in the US and China.<\/p>\n
Ministers discussed how that gap can be reduced, decarbonisation and electrification.<\/p>\n
The politicians also held talks on how to tackle barriers to trade in an effort to strengthen the single market.<\/p>\n
They discussed better coordination between member states and the European Commission, and tighter enforcement actions when rules are broken.<\/p>\n
Also on the agenda was how to help companies access funds from institutional investors amid concerns the EU isn’t sufficiently competitive.<\/p>\n
EU countries, including Ireland, are introducing national savings instruments as part of the trading bloc’s Savings and Investment Union.<\/p>\n
The initiative is designed to allow growing companies access funds which have been saved by consumers to allow firms access the funds to aid expansion.<\/p>\n
The meeting of EU ministers began yesterday with a visit to the Guinness Store House and an official dinner.<\/p>\n
The first session of today\u2019s meetings were chaired by Ireland\u2019s Enterprise Minister Peter Burke as Ireland holds the EU Presidency until the end of this year.<\/p>\n","protected":false},"excerpt":{"rendered":"EU competition ministers discussed cutting EU electricity costs and funding for growing companies at a meeting in Dublin…\n","protected":false},"author":2,"featured_media":436350,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[72,61,60],"class_list":["post-543167","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-ie","tag-ireland"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/543167","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=543167"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/543167\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/436350"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=543167"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=543167"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=543167"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}