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Europe’s household electrical bills could surge by $2 trillion

Europe’s household electrical bills could surge by $2 trillion


Europe’s household electrical bills could surge by $2 trillion

According to financial firm Goldman Sachs, energy bills for European households will rise by a staggering $2 trillion next year.

According to foreign media reports, the financial firm Goldman Sachs says that there will be an urgent need for government intervention on the problem of increasing energy bills in Europe, while the rate of energy bills will be 15 percent of Europe’s gross domestic product.

The financial firm says measures such as providing low-cost electricity by setting energy price caps are under consideration.

On the other hand, the foreign news agency has said that the energy ministers of the European Union will meet on Friday to discuss the issue, in which energy problems and various proposals for their solution will be considered.

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