Price cap on energy
In 2023, a price cap on energy prices will help you pay your company's energy bills. The price cap applies to small users (called 'kleinverbruikers' in Dutch). Check your energy bill to see if you are a small user. You pay a maximum tariff on your usage up to 1,200 m3 (gas) and 2,900 kWh (electricity). The price for gas will most likely be €1.45 per m3, and you will pay €0.40 per kWh for electricity. If you use more, you pay the market price on the energy you have consumed extra. The price cap will be in effect from 1 January through 31 December 2023. In November and December 2022, you will receive a discount of €190 per month on your energy bill. You do not need to do anything. Your energy supplier will contact you.
Energy Cost Contribution scheme TEK
Businesses whose energy costs amount to at least 7% of their annual turnover will be eligible for the Tegemoetkoming Energiekosten-regeling (Energy Cost Contribution Scheme, TEK) as of 1 November 2022. The scheme will reimburse businesses for part of the risen energy costs. How much your company will be paid back will be calculated using a threshhold price of €1.19 per m3 gas and €0.35 per kWh electricity. Does your energy contract charge you higher prices? You will be reimbursed up to 50% of the surcharge, with a maximum of €160,000.
To apply for the TEK scheme, you have to meet the following conditions:
- You spend a minimum of 7% of your turnover on energy costs;
- Your company meets the EU definition of an SME:
- you employ fewer than 250 staff
- your annual turnover does not exceed €50 million
- your annual balance does not exceed €43 million
- Your business is registered in the Business Register (Handelsregister) at KVK.
Please note: the precise conditions of the TEK are still under discussion in the Dutch Lower House of parliament. We will update this article as soon as more is known.
TEK is temporary
The TEK scheme offers a temporary support for the energy costs paid between 1 November 2022 and 31 December 2023. Application for the TEK contribution is not possible yet. It is expected that application will open on 1 January 2023, at the Netherlands Enterprise Agency RVO. Are you unable to bridge the period until your first application? If you meet the conditions for the TEK scheme, you can apply for a tax payment extension for your VAT and wage tax from the Belastingdienst (Dutch Tax Administration). The Belastingdienst will shortly announce more detailed information and conditions. The tax payment extension will be granted on a customised basis - this means the Belastingdienst will look at each case individually, to see which solution will work best.
How much TEK support you receive depends on your company's situation and energy consumption. The examples given below show how much TEK you would be eligible for with different consumption volumes. The market price of 13 October 2022 is used for these examples: €2.71 per m3 gas and €0.78 per kWh electricity.
Damages and repair company
|Gas consumption (m³)||40,000||25,000|
|Electricity consumption (kWh)||30,000||50,000|
|Total energy costs (€)||131,800||106,750|
|TEK contribution (€)||36,850||29,750|
|% of total energy costs||28%||27.9%|
Government stimulates sustainability efforts
The more sustainable your company is, the less energy you use, making you less susceptible to energy price fluctuations. The government introduces the 'BMKB Groen', or in English SME credit scheme Green, to help SMEs make their business more sustainable. The BMKB Groen scheme will provide a guarantee of a maximum of 67.5% of credit you apply for to make your business more sustainable. The government guarantees your creditor that they will, if necessary, pay that percentage of your loan. This means the bank will be more willing to lend you more money based on your collateral. You use the BMKB Groen scheme for investments to make your business premises or assets more sustainable. If your business is an SME with no more than 250 staff, you can use the BMKB-G scheme, as it is also known. Ask your financier to apply for the subsidy at RVO.
More money for EIA, MIA, and Vamil
The government has also allotted more money to the subsidy schemes EIA, MIA, and Vamil. These schemes allow entrepreneurs to deduct costs made for making their business more sustainable from their income tax.