PwC: electricity and gas will double in price within 6 years – FM.nl

PwC: electricity and gas will double in price within 6 years – FM.nl
PwC: electricity and gas will double in price within 6 years – FM.nl
--

Total price from 22 to 43 billion due to energy transition costs.

The costs for electricity and gas in the Netherlands will rise sharply in the coming decades due to the energy transition, accounting and consultancy organization PwC Netherlands confirms after reporting in the Volkskrant. Consumers and companies will therefore pay significantly higher rates and taxes, reports energy specialist Paul Nillesen at PwC.

  • PWC expects higher electricity and gas prices to double by 2030
  • electricity costs in particular will rise
  • PwC predicts that households will bear the majority of energy costs in 2040…
  • …with costs expected to amount to 56 billion euros
  • consumers must adapt to the long-term impact of the energy transition

Electricity costs in particular will rise, partly because people and companies in the energy transition consume more electricity and less fossil fuels such as gas. The electricity grid must be expanded and strengthened to cope with the increased demand for electricity. Network operators will invest billions of euros in this in the coming years. For example, the construction of offshore wind farms also entails additional costs. [Artikel gaat verder na de volgende alinea]


As a leading source for financial news, financial strategies and finance insights, FM.nl helps financial directors, senior financial management and CFOs to stay ahead.

So register now for the FM newsletter with all relevant news and unique and inspiring (networking) events and follow us Linkedin.


Electricity and gas will be almost twice as expensive in 2030 than in 2020, PwC has calculated. These costs are expected to rise from 22 billion euros in 2020 to 43 billion euros ten years later. In 2040, energy will become 30 percent more expensive again. Then electricity and gas will cost 56 billion euros, PwC thinks.

According to Nillesen, costs may also remain high after 2040. “Many costs are long-term investments and must be recouped.” After 2040, he says, costs will also be incurred for, for example, storing hydrogen.

According to PwC, households will pay the largest share of energy costs in 2040, namely 31 billion euros. Nillesen therefore believes that consumers must adapt to the way they use energy. “The debate about the energy transition often fails to mention that the transition takes a long time and that it has consequences for the bill that we all have to pay.” (AP)

Read more about the energy transition:

-

PREV The wrong questions were asked at the world summit on AI. Because the real problem with AI is not AI
NEXT KIYO empowers young people to take their lives into their own hands: “Talent is universal, opportunities are not” (Antwerp)