Energy prices will be capped at January 2022 levels for the average amount of gas and electricity consumed by households, NOS reported, citing government sources.
The Dutch government is to impose a ceiling on the price of electricity and natural gas contracts from New Year 2023 in order to shield consumers against rising energy prices, Dutch broadcaster NOS reported today.
Energy prices will be capped at January 2022 levels for the average amount of gas and electricity consumed by households, NOS reported, citing government sources.
The Dutch government is expected to present its plan tomorrow Tuesday.
In addition to the price cap, energy companies will commit to no supply cuts for the next six months and to offer long-term fixed-cost contracts again.
The measures will be added to 16 billion euros of spending plans next year in a bid to support consumers who have to reach deep into their pockets to pay for energy and food. The government plans are due to be unveiled on Tuesday alongside the 2023 budget.
The spending, which includes a 10% increase in the minimum wage and higher (income-tested) subsidies for health care and rent, will be covered mainly by tax increases targeting businesses and wealthy Dutch people.
RES-EMP
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