FuelsEurope at the Informal Meeting of EU Energy Ministers in Bratislava: high energy prices result in a competitive disadvantage for the EU Refining industry

Posted on 13/07/2016 in Press Release

At the Informal Meeting of EU Energy Ministers, FuelsEurope presented its views on the current state of energy costs faced by EU refining. FuelsEurope expressed support for the Energy Union’s focus on security of supply and competitiveness, but also raised concern about EU refining’s capacity to compete internationally and attract investment given the disproportionally high energy prices. There is an urgent need for effective carbon leakage protection in ETS as well as continued use of the Refining Fitness Check to ensure a careful assessment of the cumulative impact of new legislation.