The Dutch government has announced plans to acquire shares in the network operator Stedin. This comes after the assessment of a capital request from Stedin, with the state expressing an intent to participate in the network company, aiming further to stimulate investments for the energy transition and economic growth.
In 2022, the Netherlands observed a significant decrease in extractable natural gas reserves, primarily due to the declining extractability of the Groningen field. Simultaneously, gas prices surged, driving the value of the reserves to 71 billion euros, compared to just 16 billion euros in the previous year.
Dutch car owners are in for a shock as fuel prices rise in January 2024: A trip to the petrol station will become more expensive for many Dutch people from January 2024 onwards. Car owners will feel the impact of an excise duty increase, with an expected increase of almost 21 cents per litre of petrol. This means a 45-litre tank will cost almost ten euros more than it does now. Diesel drivers are also not spared, as the price per litre of diesel is expected to rise by about 13.5 cents, resulting in almost six euros extra for a full tank.
Over the past week, the European gas market was rattled by sudden price fluctuations. After a looming strike in Australia, which threatened the global gas supply, European consumers and businesses can now sigh relief. Recently released figures show a 10% drop in gas consumption in the first half of 2023 compared to the previous year. The data also indicates that importing liquefied natural gas (LNG) has surged by almost 50%, reducing the dependency on traditional gas.
From 1 October, customers of Essent and Vattenfall will benefit from reduced energy tariffs. Essent has announced a decrease in the electricity rate to €0.39042/kWh and for gas to €1.32713/m^3. This applies to all 1.2 million households with a variable energy contract. Customers with an average consumption can save up to €118 annually.
