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Moreover, the mandatory green electricity levy (a contribution to support RES adoption) was paused for 2022. Households will receive €150 in energy cost compensation, an amount that will be doubled for those in need. O n 28 January 2022, the government announced on a relief package of €1.7 billion for almost all households on 28 January 2022. The third tab represents how much governments have allocated to support utilities in meeting their liquidity needs - through loans, bailouts and fully fledged nationalisations. The second tab displays total support to households and firms on a per capita basis.
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The first tab of the figure below shows the funding allocated in the period September 2021 to January 2023 by selected EU countries to shield households and firms from the rising energy prices and their consequences on the cost of living. At Bruegel we have looked at how to make the EU Energy Platform an effective emergency tool for joint gas purchasing, we have made an assessment of Europe’s options for addressing the crisis in energy markets, and we have called for a grand bargain at the EU level to steer through the energy crisis. Similarly, long-term measures to counteract energy-price volatility are also of extreme importance. While policies at the regional level can have a sizeable impact on consumers, for example in Belgium, in most European Union countries both energy regulation and levies are set at the national level. Measures at the sub-national and supra-national levels are excluded from the scope of this dataset, but this by no means implies that they are less relevant. The purpose of this dataset is to track and give a (non-exhaustive) overview of the different policies used by countries at national level to mitigate the effect of the price spike for consumers. The current increase in wholesale energy prices in Europe has prompted governments to put in place measures to shield consumers from the direct impact of rising prices.
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