The Economic Research Portal

What lessons can we learn to keep European industry competitive from the measures taken by Germany, as the cost of electricity continues to turn the screw?

The 2022 energy crisis clearly highlighted the issue of electricity prices in Europe – and, more broadly, the issue of energy prices. As a result, European manufacturers’ competitiveness has been severely undermined when compared with the USA and China. The conflict that began in the Middle East in late February 2026 further underscores the continent’s vulnerability to fossil fuel imports, despite the expansion of renewable energy.