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The energy crisis that began at the end of last year has been getting worse: energy, gas and oil prices have soared, and the Euratex confederation draws attention to the fact that companies are at risk of interrupting their production. An intervention in prices is urgently needed.
According to available data, European gas benchmark prices at the Dutch TTF hub rose by 330% last year, while German and French benchmark energy contracts more than doubled. In this context, “the textile and clothing industry faces an unprecedented situation, with many companies considering closing production because of energy costs”, says the condeferation.
Thus, Euratex “asks the European Union and the Member States to compensate for the situation by supporting their industries. “Companies need access to energy at reasonable prices, whether through subsidies, by eliminating environmental taxes or VAT, or though the establishment of maximum prices. The transfer to renewable and cleaner energy sources needs to be accelerated to ensure less dependence”, Euratex also mentions.