EU energy union seen saving consumers 40b euros a year

Brussels

BETTER energy connections across the European Union can save EU energy users up to 40 billion euros (S$61.5 billion) a year, Europe's climate and energy boss said on Wednesday.

As it seeks to reduce the need for imported fossil fuel, especially from Russia, the European Commission on Wednesday published its strategy for an energy union with better grids and pipelines to improve energy sharing across the 28 member states.