Keeping The Lights On, The Energy Cap And The TEK Scheme

Russia's invasion of Ukraine has thrown international relations into unprecedented turmoil. The West is punishing Russia for its aggression by imposing sanctions and rapidly reducing economic ties.

The turmoil has caused significant changes in the global economy. As an entrepreneur, it is imperative to stay awake. What was profitable in the past can produce huge losses due to changed conditions and vice versa. In this article, I briefly explain what has changed regarding the energy costs.

Government intervention

In the Netherlands too, this majorly impacted the prices. In 2022, the energy costs rose dramatically, even multiplied for some. So much did prices rise that it was no longer profitable for many business owners to remain open.