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LONDON, Feb 3 (Reuters) – Energy prices for millions of British households are set to soar from April after the country’s regulator Ofgem said on Thursday it would raise its cap on electricity by 54% most widely used tariffs due to record world gas prices. . Read more
The rise comes as record global gas prices have forced governments across Europe to invest billions of euros in measures to protect consumers.
Here are some of the measures announced so far:
Belgium announced earlier this month that it would reduce value added tax on electricity as part of a package to protect consumers from rising energy prices. Read more
Britain has a price cap on the most widely used home energy contracts, but this will increase by 54% from April 1.
To limit the impact, the government on Thursday launched a package of measures including a 200-pound ($271.10) rebate on all household electricity bills to be repaid over five years, and a 150-pound rebate on municipal tax bills for around 80% of households in England. Read more
Bulgaria has frozen regulated electricity and heating prices until the end of March to protect households. Read more
The lower house of the Czech parliament has approved a bill easing the conditions for housing-related social benefits, which should help those hardest hit by soaring energy prices.
European Union countries are largely responsible for their national energy policies, and EU rules allow them to take emergency action to protect consumers from rising costs.
The European Commission published a ‘toolbox’ of measures in October that EU members can use without breaching competition rules, including grants to help poorer households, funding for renovations that reduce energy consumption or exempting vulnerable households from higher energy taxes. Read more
France has undertaken to limit the rise in regulated electricity prices to 4%. To achieve this, the government ordered EDF, which is 80% state-owned, to sell more cheap nuclear power to its rivals. Read more
The German government has said it could scrap a surcharge on electricity bills used to support renewables this year, to ease the pressure of rising energy costs on millions of households. Read more
Greece has announced a 2% increase in the minimum wage and will cut property tax rates by a further 13% to help households struggling with rising inflation and rising energy costs, the government said. Prime Minister Kyriakos Mitsotakis.
The Italian government has spent more than 8 billion euros since July to curb rising retail energy bills. Read more .
Last month he announced another €1.7 billion package designed to curb rising energy bills and help businesses deal with the latest wave of coronavirus infections.
The Netherlands has reduced energy taxes for its 8 million households.
Norway subsidized household electricity bills in December, paying 55% of the share of electricity bills above a certain rate, which it increased to 80% for January-March. Read more
Poland announced tax cuts on energy, gasoline and basic food items, as well as cash handouts to households. Read more
Spain has cut several taxes in an attempt to reduce consumer bills, initially planning to keep rates low until the end of the year, but decided in December to keep them low until May 2022. more
It also capped gas price increases under regulated tariffs, but the government eventually backed away from recouping around 2.6 billion euros in profits from energy companies, initially deemed unfair during the gas price crisis. ‘energy.
Sweden will compensate households most affected by soaring electricity prices, with the government setting aside 6 billion Swedish kronor ($661 million) for the measures. Read more
($1 = 0.8782 euros)
($1 = 9.0801 Swedish kronor)
($1 = 0.7377 pounds)
Reporting by Susanna Twidale, Isla Binnie, Stephen Jewkes, Kate Abnett, Vera Eckert, Robert Muller, Benjamin Mallet, Stine Jacobsen, Nora Buli, Angeliki Koutantou, Tsolova Tsvetelia, Anna Koper, Editing by Alexander Smith
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