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Energy Transition

Electricity Price Cap

An electricity price cap has been passed starting 2023 in order to relieve private consumers and industry from the sharp price increases of the energy crisis in Europe.

An electricity price cap to help reduce electricity costs will be introduced in March 2023 as part of the country’s EUR 200 billion energy relief package. The electricity price cap will be implemented retroactively in order to provide support for the months of January and February 2023.

Midsized and large companies active in industry will see electricity prices capped at 13 cents per kilowatt hour applicable to 70 percent of the previous year’s consumption level.

Private households and small and medium-sized enterprises will see electricity prices capped at 40 cents per kilowatt hour applicable to 80 percent of the previous year’s consumption level.

The electricity price cap provides relief through lower deductions during the year. Refunds will be made when paying annual bill for any additional electricity saved.

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