The spectacular rise in energy prices is causing the costs of heating, transport and lighting to rise sharply. The energy bill of households is already 8 billion higher. De Tijd writes this on Saturday based on calculations by ING economist Philippe Ledent.
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The economist calculated how much household energy expenditure has risen in the last twelve months compared to the ‘normal’ year 2019, the last year before the pandemic. From September 2021 to August 2022, households spent about 6.1 billion euros more on gas, electricity and domestic heating oil than in 2019. The bills for gas and electricity in particular increased strongly, because gas became 106 percent more expensive and electricity 46 percent. In addition, households spent 1.9 billion euros more on petrol and diesel.
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Total energy expenditure thus rose by 8 billion euros (1,600 euros per household) to around 27 billion euros. Without the government’s support measures, such as the VAT reduction for gas and electricity and the excise tax reduction for petrol and diesel, the extra bill would have been considerably larger. The cost of the energy crisis for households is expected to rise sharply in the coming months.