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Which countries are doing the most to tackle energy bills? | Which countries are doing the most to tackle energy bills? |
(25 days later) | |
A power plant in Tuscany, northern Italy | A power plant in Tuscany, northern Italy |
Energy bills have been rising for households across Europe in recent months. The price increases are being driven by rising energy demands and worries about gas and oil supplies in the wake of Russia's invasion of Ukraine. | |
Individual countries, and the European Union (EU), have announced support - worth many billions of pounds - to help people struggling to meet their energy costs. | |
Here's what they're doing: | |
The EU | |
In 2021, the EU imported 40% of its gas from Russia - so many of its member states are exposed to high energy prices. | |
European Commission president Ursula von der Leyen has proposed a cap on the revenues of electricity companies which produce energy from wind, solar and nuclear sources. | |
She said they were benefiting from "excess revenues" and estimated the cap would raise €140 billion (£121bn) to help shield consumers from high bills. | |
She is also planning a windfall tax on the profits of oil, gas and coal companies. | |
The plans will go ahead if EU member states approve them but it is not clear yet how quickly this could be done. | |
The EU also wants to target energy demand with a call to cut electricity consumption at peak hours by at least 5%. It has also agreed a cut to gas consumption of 15% by March 2023. This is voluntary - at the moment - and member states will have to decide how to do this. | |
Germany | |
German households pay more for electricity than any other country in the EU and 4.2 million German households will see their gas bills rise by an average of 62% in 2022 according to Reuters. | |
Germany is the largest net-importer of Russian fossil fuel. | |
In September, the German government announced a €65bn (£56.2bn) package of measures, including one-off payments to the most vulnerable and tax breaks to energy-intensive businesses. | |
The government had already brought in subsidies for low-income households, cuts to petrol and diesel taxes, a one-off €300 (£253) pay-out, extra child support payments and public transport discounts. | |
It is also trying to cut energy demand by: | |
dimming street lights | |
turning off fountains | |
lowering the temperature in public swimming pools. | |
Turning off fountains is one way Germany is trying to reduce its energy demand. | Turning off fountains is one way Germany is trying to reduce its energy demand. |
France | France |
In January, the French government forced the state-owned energy provider, Électricité de France (EDF), to cap price rises at 4% for a year, at a cost of €8.4bn (£7bn). | |
France had already announced a one-off €100 (£84) payment last year to 5.8 million households receiving energy vouchers. Since then, it has also reduced taxes on electricity. | France had already announced a one-off €100 (£84) payment last year to 5.8 million households receiving energy vouchers. Since then, it has also reduced taxes on electricity. |
According to Bruegel, a Brussels-based think tank, France is expected to spend €45bn (£38bn) to support people through the cost of living crisis. | According to Bruegel, a Brussels-based think tank, France is expected to spend €45bn (£38bn) to support people through the cost of living crisis. |
In March dozens of French taxi drivers protest against a hike in fuel prices. | In March dozens of French taxi drivers protest against a hike in fuel prices. |
Italy | |
Italy has announced a €14bn (£12bn) plan to allow families to keep their fuel bills at around 2021 levels. It also wants to invest more in renewable energy. | |
The measures include a €200 (£169) one-off payment to people earning €35,000 (£29,600) a year or less, and a 20% tax credit for all energy-intensive companies experiencing a 30% rise in prices. | |
To help pay for this, taxes are being raised for energy companies. | |
Overall, Italy is expecting to spend about €49.5bn (£42bn). | |
Netherlands | Netherlands |
VAT on energy bills and tax on petrol and diesel have been cut by the government. | |
Low income households are getting a €1,300 energy (£1,141) allowance this year to help with energy bills. | |
The 2023 budget, which will be announced on 20 September, is expected to include another €1,300 for poorer households as well as: | |
a higher minimum wage | |
lower income tax | |
higher benefits and allowances (such as child benefit, student grants and tax credits) | |
The Netherlands is expecting to spend €16 billion on these measures. | |
Spain | |
It has cut VAT on energy bills and reduced tax on electricity. | |
To pay for this, it introduced a windfall tax on energy companies, which aims to raise €3bn (£2.5bn). | |
Spain and Portugal have introduced a price cap for gas - which has been backed by the European Commission. | |
The cap will last for one year and aims to halve gas bills for 40% of customers in the two countries. | |
There is also a one-off payment of €200 euros for people in Spain who earn less than €14,000 a year and are not already receiving benefits. | |
Spain's measures are expected to cost about €27bn (£23bn). | |
Norway | Norway |
In Norway, the government has set a maximum price that households should pay for their energy - anything over this and the government will pay 80% of the bill. | |
This measure, along with other support, will cost around 40.6bn Norwegian Krone (£3.6bn). | |
Poland | Poland |
As part of an "anti-inflation shield", the Polish government has announced a plan to cut VAT on food, gas and fertilizer to 0%. | |
There have already been cuts to VAT on petrol, diesel and energy bills. | |
In July, Poland's government approved an allowance of €630 (£557) to households that use coal for heating, as prices climbed to a record high. | |
It is also sending money directly to seven million households, with some eligible for as much as €306 (£258) per year. | |
Poland is expected to spend €8bn (£6bn) on support measures overall. | |
UK | |
On 8 September, the government announced it would limit energy bill rises for all households for two years. | |
A typical household energy bill will be capped at £2,500 annually until 2024. | |
The scheme could cost up to £150bn. | |
The previous government introduced an energy bill discount of £400 for every household. Households on means-tested benefits will also get a one-off payment of £650, while pensioner households will receive an extra winter fuel payment of £300. There will also be a one-off disability cost-of-living payment of £150. | |
These payments will be partly funded by a 25% windfall tax on oil and gas firms' profits, expected to raise £5bn. | |
Are these plans sustainable? | Are these plans sustainable? |
Some have wondered how long governments can carry on protecting consumers. If high inflation carries on into 2023 or beyond, governments might struggle to protect households. | Some have wondered how long governments can carry on protecting consumers. If high inflation carries on into 2023 or beyond, governments might struggle to protect households. |
"Such heavy subsidisation is unsustainable from a public-finance perspective and damaging from geopolitical and energy-security perspectives - not to mention for the environment," says Simone Tagliapietra, a Senior Fellow at Bruegel who has collected data on government measures to protect consumers. | "Such heavy subsidisation is unsustainable from a public-finance perspective and damaging from geopolitical and energy-security perspectives - not to mention for the environment," says Simone Tagliapietra, a Senior Fellow at Bruegel who has collected data on government measures to protect consumers. |
Others fear what could happen if Europe is unable to find alternatives to Russian oil and gas. | Others fear what could happen if Europe is unable to find alternatives to Russian oil and gas. |
"The most difficult moment should be the autumn and winter ahead," says Ilaria Conti, head of gas at the Florence School of Regulation. | "The most difficult moment should be the autumn and winter ahead," says Ilaria Conti, head of gas at the Florence School of Regulation. |
The overall figure for UK was updated to take account of analysis by the IFS | The overall figure for UK was updated to take account of analysis by the IFS |