Europe Energy Crisis Plan - Pay Industry To Switch Off
European countries are mulling plans to battle the chronic energy crisis by turning their attention from boosting supply to slashing demand - and are prepared to pay up to £6,000 ($7,300) per megawatt hour saved.
Greece is offering subsidies of up to 50% on energy-efficient appliances, mirroring a policy championed for years by Saudi Arabia, while German authorities are considering auctioning negative energy prices for companies to encourage them to drop usage.
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