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Minister of Finance: The savings campaign will not lower energy prices

Minister of Finance: The savings campaign will not lower energy prices

The saving campaign planned by the government for autumn will not solve the energy crisis, warned the Minister of Economy Mika Lintilä (Center).

The campaign targets households amid the energy crisis caused by Russia’s invasion of Ukraine.

The minister told news agency STT that, unfortunately, next winter the biggest incentive to save electricity is the price.

The state will start a campaign aimed at citizens on Thursday, August 25, and it will continue throughout the season. The main goals of the campaign are to encourage people to lower the thermostat and take shorter showers.

According to Lintilä, there is nothing in the near future that would cause the price of electricity to fall.

At the same time, the CEO of the Bank of Finland Olli Rehn said the government needs to provide temporary relief to those most vulnerable to energy price hikes.

In a little over two weeks, the government will decide in its budget discussion on ways to support those struggling with rising energy costs, among other things.

Source: The Nordic Page


Date:

August 13, 2022

Author:

Nord.News

Categories:

Finland

Tags:

Bank of Finland, Crisis, FINA, Finland, Government, Mika Lintilä, NME, Olli Rehn, RT, Russia, Ukraine

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