Published: July 20th, 2023,
Last updated: July 20th, 2023
The EU’s energy-intensive industries have yet to recover from the 2022 production slump. Nearly two-thirds of the net decline in EU electricity demand in 2022 was attributed to energy-intensive industries struggling with increased energy prices following Russia’s invasion of Ukraine, according to a report by the International Energy Agency (IEA). This trend has continued well into 2023, it said, although prices for energy commodities and electricity have fallen again.