Danish consumers will be able to postpone paying part of their energy and heating costs as the energy crisis pushes bills to fresh records, according to a proposal announced by Prime Minister Mette Frederiksen on Wednesday.
(Bloomberg) — Danish consumers will be able to postpone paying part of their energy and heating costs as the energy crisis pushes bills to fresh records, according to a proposal announced by Prime Minister Mette Frederiksen on Wednesday.
The measure, expected to cost 45 billion Danish kroner ($6.1 billion), is designed to support households under pressure from soaring costs after Russia curbed natural gas exports to the region, Frederiksen said at a news conference in Copenhagen. The proposal would allow homes to defer additional costs incurred as a result of price increases above levels from a year ago.
“This is about creating some form of security ahead of the coming winter,” she said. “There will be additional initiatives, but no government can compensate everyone fully. That is the devious thing about inflation, that we risk making things worse if we do too much.“
The proposed cap would apply to electricity as well as gas and heating and comes as governments across Europe are seeking ways to support consumers as the region is on the brink of a recession. Denmark has previously said it will cut energy use at its public buildings and decided on a small cut in power fees.
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