September 22, 2022
1 min read

Dutch govt plans to cap energy bills amid soaring prices

Inflation in the Netherlands rose to another record high of 12 per cent in August from 10.3 per cent in July, according to the Dutch Central Bureau of Statistics (CBS)…reports Asian Lite News

The Dutch government has announced its plans for a cap on energy bills from January 1, 2023 to protect consumers from rising prices.

The announcement came at a time when high energy bills are getting unaffordable for more and more households. For months, the government had not intervened in the energy market despite increasing prices, but a switch was made last week when the finance ministry reached a deal with energy companies.

Details of the deal are yet to be finalised, but the government has estimated that an average household will enjoy a discount of 2,280 euros (about $2,257) per year through this plan. The government expects at least half of the Dutch households to profit from the price cap.

The planned price ceiling for gas and electricity will also apply to small- and medium-sized businesses. In addition, work on a specific package to support high energy-consuming businesses, such as bakers and greenhouse growers, is in progress, according to the government.

Inflation in the Netherlands rose to another record high of 12 per cent in August from 10.3 per cent in July, according to the Dutch Central Bureau of Statistics (CBS).

Energy prices remained the primary driving force behind this growth, which were 151 per cent more expensive in August than in the same month a year earlier.

ALSO READ-The crowning glory of Liz Truss is her nemesis

Previous Story

Truss to cut stamp duty in push for prosperity

Next Story

Germany nationalises country’s largest gas importer

Latest from -Top News

Madagascar Under Military Rule

Colonel Michael Randrianirina announced on Tuesday that a military council of the army, gendarmerie, and police has taken control of Madagascar….reports Asian Lite News Colonel Michael Randrianirina, a Malagasy military officer, announced

Pakistan Faces Rising Uprisings

Officials warn that Pakistan cannot continue suppressing such protests by force indefinitely. A breaking point, they say, is inevitable — when the growing discontent converges into a major challenge for the establishment

‘A Day to Rejoice’

In its statement, British Friends of Israel saluted the courage and resilience of the hostages and expressed deep sorrow for those who did not survive captivity After 737 days of anguish, the

UK to Lead Gaza Rebuild

PM announces an additional £20 million aid package aimed at providing essential water, sanitation and hygiene services to tens of thousands of people Prime Minister Keir Starmer attended the signing ceremony of

UN Faces Crisis, Says Rajnath

Rajnath Singh said India recognises that the success of peacekeeping depends not only on numbers but on preparedness….reports Asian Lite News Defence Minister Rajnath Singh on Tuesday highlighted the urgent need for
Go toTop

Don't Miss

Brittas urges to withdraw essential drugs price hike

He mentioned that last year’s increase was just 0.53 per

British, Dutch jets go after Russian bombers

Denmark’s air force said its fighter jets identified the Russian