Smaller gas companies in the Netherlands relocate if prices rise

Many small energy companies in the Netherlands are starting to feel the crisis due to the consequences in gas prices and can expect a ‘mild winter’. financial newspaper said Monday.

The newspaper says that happened in the United Kingdom and Belgium, because they could not resist the prices.

‘These are not really about gas good companies in companies and companies that can not resist price explosions,’ says Elko Wessels Boer, director at Innova Energy in The Hague. There are also suppliers who have stopped supplying gas. ‘

“The market expects them to catch up with a few more if there is a harsh winter,” John Willem Swang told Strategy FD, an energy advisory group.

The Dutch market was liberalized in 2004 and has more than 25 licensed suppliers to supply gas and electricity to consumers. Unlike large companies such as Essent, Eneco and Vattenfall, smaller companies focus on providing green prices.

Five energy companies have performed work companies in the Netherlands over the past 15 years. Robin Energy had 30,000 customers in 2019 and 50,000 customers met Energieflex in 2018.

Home impact

Higher gas prices could increase bills by about 50 per year, the paper said.

Gas has grown due to several factors, including lower storage and reduced supply from Norway and Russia after last year’s cold winter.