The Dutch government unveiled details of its planned energy price cap for households on Tuesday, together with the outline of a subsidy system aimed at easing the pain for small-to-medium-sized businesses that use a lot of power.
The moves come amid soaring prices for gas and electricity caused by Russia’s war in Ukraine, and moves across Europe to get a grip on skyrocketing energy bills that have forced some businesses in the Netherlands to halt production.
The government said its consumer price cap will start in January and limit electricity to a maximum of 0.40 euros (USD 0.40) per kilowatt hour while gas will be a maximum of 1.45 euros (USD 1.45) per cubic metre.
