Finance

The Dutch government will impose an energy price cap: NOS

The Dutch government will impose an energy price cap: NOS

AMSTERDAM, Sept 19 (Reuters) – The Dutch government is ready to impose a price cap on energy contracts from 1 January 2023 to protect consumers from rising costs, the Dutch chain reported on Monday. US.

Energy prices will be capped at their level in January 2022 for the average amount of gas and electricity used by households, the NOS said, citing government sources.

The government is expected to announce its plans on Tuesday, while it was still finalizing details with energy companies on Monday night.

A government spokesman could not immediately be reached for comment.

In addition to capping prices, energy companies will also commit not to cut off supply to any clients in the next six months, according to NOS, and will try to return to offering longer-term fixed contracts to clients.

The measures would come on top of plans to spend some 16 billion euros ($16 billion) next year in an effort to help citizens pay energy and food bills, which will also be announced with the 2023 budget on Thursday. Tuesday.

These expenses, which include a 10% increase in the minimum wage and higher income subsidies for healthcare and rent, will be covered primarily by increased wealth and corporate taxes.

(1 dollar = 0.9991 euros)

(Reporting by Bart Meijer; Editing in Spanish by Ricardo Figueroa)

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