Rising energy prices: what measures are other European countries taking?

the essential Last week Jean Castex announced the establishment of an “inflation allowance” to cope with the increase in energy prices in France. But what measures have our European neighbors taken to deal with this crisis? Small overview.

Faced with the increase in prices, in particular those of fuels, electricity and gas, Prime Minister Jean Castex announced on Thursday 10 October the establishment of an “inflation allowance”, an exceptional aid of 80 paid to French households on more modest. But what measures have been taken by our neighboring countries?

Lower taxes in Spain

As reported by France Info, the price of electricity has been skyrocketing in Spain for several months. The latter even reached a record level in early October, at 288 euros per megawatt-hour (against 100 euros on average during the first six months of the year). In order to prevent this energy crisis, the Spanish government decided in July to temporarily lower VAT on electricity, from 10% To 10%.

This drop having been partly absorbed by the surge in prices, the government presented new measures in mid-September: a temporary cut in the special tax on electricity and a limit on the extraordinary profits earned by the electricity companies. .

10 cents per liter of gasoline at Portugal

During October, the Portuguese State announced that it would offer a discount of cents per liter of gasoline or diesel fuel to all taxpayers in the country, within the limit of 40 liters per month reports The echoes. This aid will come into effect on November 1st and will not end until 30 March 2022. At most, cars will therefore receive a reduction of 5 euros per month.

A support fund for the most modest in the United Kingdom

In early October, the UK government announced a fund of 500 million pounds (approximately 590 million euros) to help those on the lowest incomes to cope with energy bills, in particular for heating, but also to cover food and clothing expenses this winter. A measure that followed a drop in social minimums.

Charities and the Labor Party denounced a simple “temporary bandage”.

Lower taxes in Germany

In a context of sharp rise in energy prices, the German government decided to lower a tax on electricity consumption on January 1, in order to reduce household bills. The charge on renewable energies (EEG), which concerns all consumers, will thus drop by almost half. A measure well received in this country where electricity is the most expensive in Europe (319 euros per megawatt hour on average in the first half of the year 2021, reports France info).

However, no measure is planned to control gas prices or to relieve motorists.

An energy check of 80 euros in Belgium

At the beginning of October, the Belgian government decided to extend until March 2022 the benefit of the social energy tariff for the poorest households. This measure is accompanied by an “energy check” of 80 sent in the fall to one million families.

“All Belgians must be able to heat themselves in winter. For us, this is obvious,” said Pierre-Yves Dermagne, Socialist Deputy Prime Minister.

Measures to 3 billion euros for Italy

At the end of September, the Italian government announced measures of 3 billion euros to cushion the surge in energy prices on the economy of households and small businesses. “Without government intervention, during the next quarter the price of electricity would increase by 31 approximately, and that 21% “, explained Italian Prime Minister Mario Draghi.

The government therefore suspended energy taxes for the most vulnerable until the end of the year. Some 2.6 million people already benefiting from a “social bonus” will not suffer from the rise in gas prices. For others, VAT will be lowered to 5%.

Up to 1.1 billion euros in subsidies in Poland

In mid-October, the Polish government announced that it would allocate next year up to 1.1 billion euros in subsidies to protect low-income households from soaring energy prices. The aid may reach a maximum amount of 232 euros per month and per person, as specified by France info. One in five households will be eligible.

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