Belgian government freezes the price of gas and electricity
The council of ministers decided on Friday to freeze the prize for gas and electricity, which should have increased considerably from 1st of February. The Electricity and Gas Regulatory Commission (CREG) has been tasked with proposing in the next 6 months an amendment to the regulations in force in order to avoid such sharp and significant increases in the future.
This rate is calculated twice a year. The increase would have exceeded 20% for both gas and electricity and affected a disadvantaged public.
The decision takes effect immediately, insisted both the Minister of Energy, Marie-Christine Marghem, and the Prime Minister, Charles Michel.
The cost of the measure is estimated at 13 million euros which will be offset by a dormant fund for heating.