The government’s consumer protection agency is cutting the amount energy firms can charge for transporting gas and electricity, saying the total bill will fall by €500m.
The plan will cut the average household energy bill by several tens of euros a year, the Authoriteit Consument en Markt said. The cuts in tariffs will be implemented between 2014 and 2016.
Network companies can achieve the savings by doing their work more efficiently and being more careful with their investments, ACM spokesman Henk Don told BNR radio.
However, the energy sector itself doubts whether such savings can be realised, the broadcaster reported. ‘The investments necessary to ensure the energy network is ready for the future are enormous,’ said Martijn Boelhouwer of the network organisation BNN. ‘This is a capital-intensive sector and investments are done for tens of years.’
Thank you for donating to DutchNews.nl
The DutchNews.nl team would like to thank all the generous readers who have made a donation in recent weeks. Your financial support has helped us to expand our coverage of the coronavirus crisis into the evenings and weekends and make sure you are kept up to date with the latest developments.
DutchNews.nl has been free for 14 years, but without the financial backing of our readers, we would not be able to provide you with fair and accurate news and features about all things Dutch. Your contributions make this possible.