News from the Netherlands

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Energy giants Offer Settlements

Frisian lawyer Roelof de Nekker reports the first settlements of energy companies Vattenfall, Eneco and Essent, which are refunding hundreds to thousands of euros to customers for unilaterally raising energy prices. This follows a victory at the Amsterdam court, where De Nekker argued that these companies were guilty of unfair trading practices by driving up consumer tariffs for gas and electricity without offering their customers an alternative.

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Inflation in the Netherlands continues: A critical look at the May 2023 figures

In its latest quick estimate, the Central Bureau of Statistics (CBS) set inflation for May 2023 at 6.1 per cent. This means consumer goods and services were 6.1 per cent more expensive in May than in the same month a year earlier. By comparison, the figure was 5.2 per cent in April. At first glance, this seems like a significant increase, but it is important to note that this inflation is not on top of April's inflation.

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