European Commission warns of harsh winter for households struggling with heating costs
The European Commission has warned that a harsh winter lies ahead for millions of Europeans who cannot afford to heat their homes, according to media reports. It acknowledged that the energy bill crisis is deepening, despite its efforts to diversify supply sources.
Why it matters
The warning shows that energy costs continue to strain European households, keeping European demand for supplies a key factor in global gas markets. That matters for the Arab region, where several countries are energy exporters whose revenues depend on demand and price shifts.
Background
The European Commission is the executive arm of the European Union. It proposes legislation and oversees the implementation of EU policies, including energy policy. In colder countries, household budgets are sensitive to energy prices in winter because heating makes up a large part of consumption.
This is a brief summary. The full details and context are in the original coverage.
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