Poland introduces €43 gas price cap to protect consumers

Poland introduces €43 gas price cap to protect consumers | INFBusiness.com

Gas prices for Polish consumers excluding businesses will be capped at €43 per megawatt-hour (MWh) to ensure they are better protected against rising energy costs, according to a law signed by President Andrzej Duda on Wednesday.

Households, housing communities, health care and social assistance units, schools and universities, nurseries, and even churches and NGOs, with no income threshold, will all benefit from the cap – but businesses will not.

“The act is aimed at further minimising the increases in gas prices for the most vulnerable customers, as well as increasing the energy security of the state by ensuring adequate fluidity for companies,” the President’s Office said in an announcement.

The most vulnerable consumers who use gas for heating purposes will also be entitled to a refund on the value-added tax referred to as the “gas supplement.”

Asked why businesses were left out, Deputy Finance Minister Artur Soboń said it “would be too far-reaching” to have the cap apply to them.

(Aleksandra Krzysztoszek | EURACTIV.pl)

Source: euractiv.com

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