Energy prices in Europe. VAT reductions, subsidies, price freezing

Europe is facing significant increases in energy prices. Reduced VAT rates, bill surcharges and price freezing – these are the most common methods of customer support. This is the result of the list of the Crido consulting company, which covers over a dozen countries.

The list prepared by Crido includes – apart from Poland – 15 European countries that have introduced or are planning to introduce various support measures for energy consumers.

The Polish government on Thursday under the so-called anti-inflationary package announced a temporary reduction in the VAT rate for electricity and gas – from 23 percent. at 5 and 8 percent, respectively. Moreover, the abolition of the excise tax on electricity for households. Subsidies in the amount of PLN 400-1150 per year for farms with lower incomes have also been announced.

WATCH TVN24 ON THE INTERNET ON TVN24 GO >>>

Energy prices in Europe

IN Czechia From November 1 to the end of the year, the government abandoned the VAT on electricity and gas. It is planned to extend this solution to 2022.

In Italy gas prices have been frozen, and until the end of the year, a reduced, 5 percent, can be applied. VAT rate for gas. On the other hand the Netherlands next year it plans, inter alia, increase to 230 euro of the standard reduction in energy tax.

IN Spain until the end of the year, it is reduced from 5% up to 0.5 percent excise tax on electricity, and the VAT rate for energy consumers fell from 21 to 10 percent. In addition, the government exempted from paying VAT on produced electricity.

EPA / ROBERT GHEMENT

IN North Macedonia by June 30, 2022, recipients pay 5 percent VAT on electricity, a 10% VAT rate is to apply by mid-2023, and then – the standard 18% rate.

great Britain has an energy subsidy fund of £ 500m.

IN Estonia 50% of surcharges to fees charged by energy suppliers. A reduction in VAT on electricity from 20 to 9 percent is also being considered.

IN Belgium the group of entitled persons from the so-called social electricity tariff. France it froze the prices of electricity, and in December it plans to pay 100 euro to consumers with a monthly income of less than 2 thousand. euro.

On Latvia from 2022, less affluent households will receive € 15-20 a month to help pay their bills. Lithuania from next year, it introduces restrictions on increases for heat and the possibility of spreading gas bills over 5 years. In Lithuania, the introduction of a 5% VAT on electricity and heat.

IN Germany from next year, the so-called EEG-Umlage, i.e. the RES fee – from EUR 6.5 to EUR 3.7 per kilowatt hour (kWH). A complete waiver of charging this fee is also considered.

On Cyprus applies reduced from 19 to 5 percent VAT rate on electricity for selected groups. IN Greece households receive a monthly compensation of EUR 18 for the first 300 kWh consumed per month, while consumers using the social tariff receive EUR 24.

Whereas Romania administratively determined the prices of electricity and gas, and households consuming up to 350 kWh of electricity or 200 m3 of gas per month will receive subsidies. These funds are expected to run until March 31, 2022.

PAP / Maciej Zieliński

Main photo source: EPA / Ramon van Flymen

About Eric Wilson

The variety offered by video games never ceases to amaze him. He loves OutRun's drifting as well as the contemplative walks of Dear Esther. Immersing himself in other worlds is an incomparable feeling for him: he understood it by playing for the first time in Shenmue.

Check Also

Lotto results 02/12/2021 – Lotto drawing, Mini Lotto, Multi Multi, Kaskada

The Lotto drawing has ended and we got to know the results of Totolotek on …

Leave a Reply

Your email address will not be published. Required fields are marked *