EU Energy Tax Bill Should Minimize Prices, Draft Report Says

Any progress in reforming the way the EU taxes energy must not “further increase the cost of living for Europeans or make life more difficult for businesses,” according to a Belgian member of the European Parliament, Johan Van Overtveldt.

Van Overtveldt, who belongs to the right-wing European Conservatives and Reformists group, wrote in a draft report, seen by Bloomberg, on the EU’s proposed overhaul of the way it taxes energy, known as the Energy Taxation Directive.

“Although we have to make the shift towards cleaner and more sustainable energy sources, we should keep the increase on consumer prices ...