Price cap
Price cap
Ceiling the deal.What's a price cap for energy?
A price cap is the maximum price you pay for your electricity and gas. If the market price is higher than the price cap, the difference is payed for by the government. This way, they compensate you for your increased energy bill.
But not everyone has to be compensated. For example, are your rates lower than the price cap rates? You'll pay your own rates until your contract expires. Are your current rates higher? This means that the lower rates of the price cap apply to you. From 1 January 2024 onward, the rates in your contract apply again.
It's still important to save energy. That's because the government put limits on the energy consumption the price cap applies to. A consumption cap. In the video to the right, Marijn will explain what this entails exactly using some examples.
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Frequently asked questions about the energy price cap
Until when does the price cap apply?
Does the price cap also apply to me?
What are the rates that apply according to the price cap?
Do the maximum rates apply to my entire consumption?
Calculation examples explanation
To give some insight into how the price cap works, we'll provide some calculation examples. The costs under the price cap were calculated up to a maximum consumption of 2900kWh for electricity and 1200m³ for gas.
The calculations and mentioned rates in the table are meant as an example. These aren't the current rates of energy suppliers. In the calculations, we assume the cost of consumption. Other costs, like the supply charge, delivery charge, and taxes, aren't part of the calculation.
In the table below, we'll show 3 calculation examples.
- Net-metering under the price cap. In this case, the extra energy generated by the solar panels is returned to the grid and subtracted from the consumption. The rates are then applied to your net consumption.
- Consumption under the price cap. You'll only pay the rates according to the price cap.
- Consumption over the price cap. you partly pay the rates of the price cap. For the overconsumption, you pay the rates of your energy supplier.
Calculation examples
| Units | Rates | Total | |
|---|---|---|---|
| 1. FOR NET-METERING | |||
| Electricity consumption (in kWh) | 3000 | ||
| Feed-in electricity (in kWh) | 500 | ||
| Net electricity consumption (in kWh) | 2500 | € 0.40 | € 1000 |
| Gas consumption (in m3) | 1000 | € 1.45 | € 1450 |
| Total costs per year | € 2450 | ||
| Total costs per month | € 204.17 | ||
| 2. CONSUMPTION UNDER THE PRICE CAP | |||
| Electricity consumption (in kWh) | 2700 | € 0.40 | € 1080 |
| Gas consumption (in m3) | 1000 | € 1.45 | € 1450 |
| Total costs per year | € 2530 | ||
| Total costs per month | € 210.83 | ||
| 3. CONSUMPTION OVER THE PRICE CAP | |||
| Electricity consumption (in kWh) up to the price cap | 2900 | € 0.40 | € 1160 |
| Gas consumption (in m3) up to the price cap | 1.200 | € 1.45 | € 1740 |
| Electricity consumption (in kWh) over the price cap | 200 | € 0.80 | € 160 |
| Gas consumption (in m3) over the price cap | 150 | € 2.40 | € 360 |
| Total costs per year | € 3420 | ||
| Total costs per month | € 285 | ||
- Insight in your consumption and your savings opportunities
- Choose from 350 energy-saving deals
- 100% green energy from the Netherlands
Even more frequently asked questions
The price cap ends on 31 December 2023. What else changes?
I have a fixed contract. Does the price cap apply to me?
I have district heating or block heating. How does the price cap work for me?
Can I lower my installment amount myself?
I have a dual rate. Does the rate according to the price cap apply to both the regular rate and the off-peak rate?
Coolblue Energy
At Coolblue Energy, you get more than just green energy. You also receive a discount on energy-efficient products. That way, we help you to save on your energy bill. That's saving energy with a smile.
- 100% green Dutch electricity
- CO2-compensated gas
- Discount on energy-efficient products
Everything on saving energy
Find everything on saving energy in and around the house here.
Save energy with your washing machine and dryer.
If you use your light in a smart way, you can easily save energy.
Read our tips on how to save on your gas consumption here
Coolblue Energy helps you save energy
To profit as much as you can from the lower price cap rates, it's important that you save on your energy consumption. Coolblue Energy is happy to help.