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Home Real Estate Energy Prices Expected to Keep Rising in the Netherlands

Energy Prices Expected to Keep Rising in the Netherlands

The Dutch independent housing association, Vereniging Eigen Huis (VEH), have informed citizens of the Netherlands that energy prices are rising across the country and are expected to peak up to an additional 60 Euros by the year 2022.

Though that is not next year, the steps in which these price hikes may occur may begin from the start of the next year.

With the assistance of data taken from the Household Energy Price Index (HEPI), it was found that, within the first month of 2019, electricity prices had peaked up to a total of 15 percent, whilst gas prices had climbed up to 12 percent – standing to exist as the second-highest increase across the entire European Union.

However, when evaluated, it can be seen that the biggest contributor to the Netherlands’ gas prices being so high is that over 50 percent of the price exists as tax. This is a purposeful act by the government so to reduce the overall consumption of gas by the Dutch people.

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The greatest issue faced by the people of Netherlands is that they stick to one energy supplier for years when they can actually be able to save up to 400 Euros a year if they switch to alternatively cheaper suppliers, as indicated by research conducted by ACM (Authority for Consumers and Markets), who is the Dutch Competition Authority.

It has been advised that customers should assess the cashback deals being offered by energy suppliers, as that is the amount they will be returned at the end of the contract. This allows citizens to choose to bother greener and cheaper energy providers at the same time.

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