Energy: welcome support, but insufficient.  And after?  - Economic policy

Energy: welcome support, but insufficient. And after? – Economic policy

The federal government has presented its new package of measures aimed at tackling the energy crisis in the best possible way. Households and businesses are concerned. But the “real” decisions still have to be made…

The federal government of Alexander De Croo (Open Vld) has finally made up its mind. After long procrastination, he has put on the table a series of aid measures that are certainly not negligible to deal with the energy crisis, but which remain insufficient. Many players are already calling for structural decisions, beyond this boost.

The federal government of Alexander De Croo (Open Vld) has finally made up its mind. After long procrastination, he has put on the table a series of aid measures that are certainly not negligible to deal with the energy crisis, but which remain insufficient. Many players are already calling for structural decisions, beyond this boost. That said, everyone is concerned by the support granted, which was not won in advance. Households will receive aid of 400 euros to relieve a (small) part of their bill: 135 euros in November and December for gas, 61 euros for electricity. The fuel oil check is increased from 225 euros to 300 euros. This is in addition to the reduced VAT and the extended social tariff. This time, companies are not forgotten. A reduction in excise duties to the minimum authorized by Europe on gas and electricity will allow a substantial gain, but again insufficient for many, estimated between 300 and 1,000 euros. Measures allowing companies to avoid bankruptcy have also been put in place: bridge right, deferral of social security charges, temporary unemployment, etc. “Our companies are benefiting from a short-term respite, but when will structural measures be taken?” asks the Federation of Belgian Companies, which insists on the coming wall of automatic wage indexation. “It’s a start, we are now turning to the Regions”, reacts the Union of Middle Classes (UCM). Europe must also continue its action in favor of price caps. “In the short term, the electricity pricing system should be decoupled urgently from that of gas, writes the Citizen energy taskforce, in a carte blanche on our site. For residential customers and small traders, Belgium n there is no need to ask Europe to immediately return to a system of regulated prices. In the medium and long term, we should free ourselves from our dependence on fossil fuels where the objectives of security of electricity supply and the fight against global warming meet.”

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