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Energy prices Netherlands | Gas & Electricity prices 2024 ⚡

energy prices netherlands

Understanding the electricity price Netherlands: A guide for expats

The market concerning energy prices in the Netherlands, in particular gas and electricity prices in the Netherlands, is very dynamic and complicated. Whether you are an expat in Amsterdam, The Hague, Utrecht or anywhere else in the Netherlands, we got you covered!

utility direct energy gas electricity prices Netherlands

Finding the right electricity and gas contracts in the Netherlands can be a daunting task, especially for expats. It's hard to find the right one and you want to make sure the big electricity and gas companies in the Netherlands won't take advantage of you. 

UtilityDirect.nl stands out as a beacon for expats, offering hassle-free customer service in English and free assistance in securing the most suitable and cheapest utility contracts. This article aims to shed light on the current electricity price in the Netherlands and other important considerations when choosing utility contracts. 


Utilitydirects mission to help you find the best utility deals 

The founders of Utilitydirect saw that expats struggled often and knew many expats personally who told them “why is there no service to help you with your gas and electricity contracts in the Netherlands?”.

It was exactly that helplessness that motivated them to start Utilitydirect.nl and guide Expats to find the best gas and electricity deals in the Netherlands. 


Energy and electricity prices Netherlands: current rates in february 2024

As of now (23-02-2024), the electricity price in the Netherlands is on average around €0.36 per kWh. This rate is pivotal for households trying to manage their utility expenses effectively. Understanding the electricity price in the Netherlands is crucial for expats who are navigating their new living arrangements. It is very important to get the right contract. 

You don't want to be too dependent when the energy prices suddenly skyrocket like they did when the Ukraine war started.

Need help? Book a free consultation with one of our experts.


Which energy companies are there and how to choose?

In the Netherlands, the energy market is liberalized, meaning consumers can choose their electricity companies and gas companies themselves. The government does not interfere. 

This choice allows for competition among suppliers, leading to potentially lower prices and better service offers for consumers. Here's a brief overview of the landscape and some tips on choosing between them.

Major electricity and gas companies in the Netherlands

Several companies dominate the Dutch energy market, offering both electricity and gas contracts. Some of the notable ones include:

  • Essent: One of the largest suppliers, offering various energy solutions and services.
  • Eneco: Known for its focus on sustainable and green energy.
  • Vattenfall (formerly Nuon): Offers a range of energy products, including green options.
  • Oxxio: Popular for competitive pricing and digital-first customer service.
  • Greenchoice: Focuses on renewable energy sources to supply electricity and gas.
  • Budget Energie: Known for offering energy at lower prices.

There are lots of smaller ones but beware; if one of these companies goes bankrupt you might end up paying higher prices in the end. Even though initially the electricity company or gas company offered attractive prices. 


How do you choose between energy and electricity companies?

Choosing between different energy suppliers can depend on several factors. Here are some key consideration (some more obvious than others 😉 ):

  • Price: Compare the rates offered by different suppliers. There are websites that provide energy prices overviews, but most of these sites provide poor English versions of their site and the customer service after that for expats could be far better. 
  • Contract type: Decide between fixed or variable rates. Fixed rates offer price security during the contract term, while variable rates can change, potentially offering savings if market prices drop.
  • Sustainability: If you prioritize environmental impact, look for companies that offer green or renewable energy sources.
  • Customer service: Consider companies known for good customer service, especially if you prefer support in English or another specific language.
  • Additional services: Some companies offer extra services or incentives, such as smart thermostats, energy-saving advice, or loyalty discounts.
  • Terms and conditions: Pay attention to the fine print, including contract duration, cancellation fees, and price adjustment clauses.

Don’t worry, it can be overwhelming. That’s why our colleagues at UtilityDirect are ready to help you!


Switching energy companies in the Netherlands 

In the Netherlands, you're free to switch energy providers if you find a better deal or if your current contract no longer suits your needs. Most contracts allow for an easy switch, typically requiring you to give notice a few weeks in advance. However, early termination fees may apply if you're still within the contract period.

The Impact of taxes on electricity and gas prices in Netherlands in 2024

The utility market has recently seen significant changes in 2024, particularly in how taxes influence the cost of electricity and gas:

  • Electricity prices in Netherlands have decreased by 14% due to tax adjustments. This reduction is a relief for many households, making electricity usage more affordable.
  • Conversely, gas prices in Netherlands have seen an increase of 19% in taxes. This increase has made gas consumption a more considerable expense for households.

These changes highlight the importance of staying informed about the current energy prices and how taxes can impact your utility bills.

energy prices netherlands

How to fight high electricity and gas prices Netherlands in 2024

Because the energy price in the Netherlands is relatively high and especially gas prices, it is becoming increasingly important to make your home sustainable. You can do so by following these three steps:

  1. Insulation: lower gas usage with insulation
  2. Get solar panels and start your own little electricity factory ⚡
  3. Final step is a heat pump or hybrid heat pump to reduce gas usage or completely stop using gas!

Variable or fixed contract: which energy contract is the best in the Netherlands in 2024?

When it comes to utility contracts, one of the key decisions is choosing between a variable or a fixed contract. Here are some factors to consider:

  • Variable contracts can offer lower rates during off-peak seasons but may increase unexpectedly.
  • Fixed contracts provide stability with a constant rate throughout the contract term, protecting you from price hikes.

To help you face some of the questions you might be facing, we created an FAQ of questions we hear often about the energy prices and energy or utility contracts in the Netherlands:


FAQ: Fixed or variable energy contract 2024: which is the best choice?

You dont want fluctuating electricity prices in the Netherlands in 2024 to surprise you with an enormous bill. You also might not want to pay far too much with a fixed price when energy prices in the Netherlands get lower. So what to do? Check out our FAQ to find out or contact us for help.

Should I choose a fixed energy contract at this moment or wait?


Answer: With the gas, electricity, and district heating price cap ending on January 1, 2024, the Authority for Consumers & Markets recommends securing a fixed energy contract for those seeking certainty in their gas and electricity rates in the coming period. 

The price cap was a limitation on electricity prices in the Netherlands and also on gas prices in the Netherlands. It was a measure in the energy crisis to prevent peoples' bills becoming unaffordable.

What is the difference between fixed and variable energy rates?

Answer: Fixed energy rates mean your gas and electricity delivery rates are locked in for the duration of your contract, offering stability despite potential changes in other costs like taxes or network charges. Variable contracts have no fixed end date, allowing rates to fluctuate, which can be advantageous if prices drop but risky if they rise.

Which costs are fixed and which are variable in energy contracts?

Answer: The distinction between fixed and variable only applies to the delivery costs of gas and electricity. Other costs, such as government levies and network management fees, remain constant across both types of contracts.

What are the advantages and disadvantages of fixed and variable energy rates?

Answer: Fixed-rate contracts offer security and simplicity, with stable rates for a set period but include penalties for early termination. Variable-rate contracts offer flexibility and potential savings if rates decrease but come with the risk of rate increases.

How often do variable delivery rates change?

Answer: Energy suppliers typically adjust variable rates bi-annually, on January 1 and July 1, though recent trends show more frequent changes could occur, subject to the terms of your contract. So elektricity prices in the Netherlands and gas prices might vary more often nowadays. Make sure to check this before you sign your contract.

Do fixed rates only apply to delivery costs?

Answer: Yes, fixed rates apply solely to the delivery charges of gas and electricity, not to network costs or taxes.

What is more economical: fixed or variable rates?

Answer: Generally, fixed-rate contracts are considered more economical as they tend to offer lower annual costs compared to variable-rate contracts, often accompanied by discounts.

Should I sign a fixed contract for 1 year or longer?

Answer: The choice between 1-year, 2-year, or 3-year fixed contracts depends on your preference for rate stability versus flexibility to benefit from potential rate decreases. Fixed rates offer certainty but lock you in, potentially missing out on lower rates if prices drop.

Why should I keep comparing energy rates and prices of electricity and gas in the Netherlands?

Answer: Even after securing a fixed-rate contract, it's wise to continue comparing rates as your contract's end approaches to avoid automatically transitioning to potentially higher variable rates.

Can I switch energy providers at any time in the Netherlands if the electricity prices or gas prices go up?

Answer: Yes, you can terminate your energy contract with a 30-day notice. However, if you're in a fixed-term contract and decide to switch early, you may be subject to a cancellation fee, as outlined in your contract's terms.

Given the many energy companies in the market and the complexity of the options available, making this choice can be overwhelming. It is smart to have experts help you make the right decision. At Utilitydirect we have the knowledge on the market and different electricity and gas companies to help you find the right contracts. 

Need help? Our English speaking agents are ready to assist! We can help you with other contracts as well, such as internet, water supply and more.


The complexity of the utility market and electricity and gas prices in the Netherlands

The Dutch utility market is both complicated and dynamic, with numerous companies offering a variety of contracts. For expats, navigating this market can be particularly challenging due to language barriers and unfamiliarity with local regulations and practices.

Why choose UtilityDirect.nl?

UtilityDirect.nl understands the challenges faced by expats in finding the right utility contracts. Here’s why you should consider their service:

  • Free Assistance: They help you find the most suitable and cheapest contract at no extra cost.
  • Hassle-Free customer service: Their customer service is in English, making communication easy and effective.
  • Market Expertise: They have up-to-date knowledge of the market dynamics, ensuring you get the best deal.

So kick back, relax and let us find you the best deals without any troubles!

Conclusion

The electricity price in the Netherlands and the overall utility market can seem daunting at first glance. However, with the right assistance, expats can navigate this landscape efficiently.

UtilityDirect.nl offers a valuable service, ensuring that you can secure the most advantageous utility contracts while enjoying significant savings on your bills. Remember, staying informed and seeking professional help can make all the difference in managing your utility expenses in the Netherlands.

If you need help, just plan a free consultation and we'll get you sorted.

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