Dutch gas prices are now the most expensive in Europe

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The Netherlands now has the highest gas price in Europe, having overtaken Sweden in recent weeks, according to an analysis by the website Energievergelijk.nl.

The research is based on figures from the Household Energy Price Index, produced by Austrian and Hungarian regulators, which compares prices in 33 countries.

Dutch consumers with a new contract currently pay 28.32 cents for a kilowatt hour of gas or €2.76 per cubic meter including tax, double the European average of 13.5 cents.

“Our economy and our electricity supply are largely dependent on gas,” the website says. “If the gas supply goes down, if Russia closes the taps for example, then we notice it right away.”

Many EU countries have a much larger share of coal, nuclear or hydropower in their energy mix.

In addition, some EU countries have imposed price caps or introduced special subsidies for low-income households, the website points out. In Belgium, for example, low-income families benefit from a 30% reduction on their bills. France, which is renationalising EDF, also has a maximum tariff.

The Netherlands reduced value added tax on energy bills and granted compensation to low-income families.

Purchases

Meanwhile, retail analysts at GFK say a basic shopping basket now costs 18.5% more than 11 months ago.

Products such as pasta, paper towel and bread rose far more than average, while the price of chocolate, bananas and cleaning supplies barely changed, GFK said.

“A family of four spends between €7,000 and €8,000 a year on groceries,” spokesman Norman Buysse said. “They will now pay €1,500 more for the same amount as a year ago.”

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