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Energy crisis: The Netherlands pays for basic electricity and gas needs

2022-09-20T13:44:45.443Z

In order to relieve citizens, the Dutch state wants to finance part of the electricity and gas costs in the future. Anyone who consumes more should pay the prevailing market price.



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Gas flame on a stove

Photo: Patrick Pleul / dpa

It is not only in Germany that there is a dispute about how consumers can be relieved of high energy prices: in the Netherlands the government is planning to pay part of the citizens' electricity and gas bills in the future.

"It is painful that more and more people are struggling to pay their rent, groceries, health insurance and utility bills," said King Willem-Alexander in his speech from the throne in The Hague.

He traditionally announces the government's plans at the opening of the parliamentary year.

A price cap is to be set for part of the energy consumption.

According to the plans, the state should pay the difference to the market price to the energy companies.

In view of the high gas prices, there are also similar calls for a price cap for electricity or gas in Germany.

According to government plans, the price limit in the Netherlands will only apply to part of the consumption.

The value is based on the average consumption of a household at the beginning of the year - i.e. before the outbreak of the Ukraine war and the rise in energy costs.

Anyone who consumes more should pay the prevailing market price for it.

Prime Minister Mark Rutte's coalition government wants to prevent many citizens from falling into financial difficulties as a result of the extremely high energy costs.

According to Dutch media, the price cap will cost the state many billions of euros.

The exact design and financing of the plans is not yet known.

According to media reports, Climate and Energy Minister Rob Jetten would like to present specific details this Tuesday.

mic/dpa-AFX

Source: spiegel

All business articles on 2022-09-20

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