The Finnish government reached an agreement on the reimbursement of electricity costs

The Finnish government reached an agreement on the reimbursement of electricity costs

Households that pay more than 10 cents per kilowatt-hour for electricity receive compensation, and it is 50 percent of monthly electricity costs of more than 90 euros, and the monthly limit is 700 euros. The compensation is paid for the four months of November-February based on the expenses of November-December.

According to Helsingin Sanomat, the first payments will be made in March. Households do not need to apply for compensation because they are automatically included in their electricity bills.

The costs of the compensation system rose from 400 million to 412 million euros in the final phase of the discussions.

On Tuesday, SDP demanded that the compensation percentage be raised to 70 percent, but later backed down from its demand, according to YLE. Demand would have increased the system’s costs to 500–600 million euros.

The government also decided to extend the payment terms for electricity bills for the first four months of this year for a maximum of four months for households and two months for business customers. The extension applies to the total value of the invoices instead of only half of what was presented in the original proposal.

The Ministry of Economy and Labor said on Wednesday that government officials are continuing to work out the details of the proposal in order to present it to lawmakers as soon as possible.

Aleksi Teivainen – HT

Source: The Nordic Page


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