• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 49 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 3 days Does Toyota Know Something That We Don’t?
  • 6 days OPINION: Putin’s Genocidal Myth A scholarly treatise on the thousands of years of Ukrainian history. RCW
  • 2 days World could get rid of Putin and Russia but nobody is bold enough
  • 2 days America should go after China but it should be done in a wise way.
  • 6 days CHINA Economy IMPLODING - Fastest Price Fall in 14 Years & Stock Market Crashes to 5 Year Low
  • 4 days China is using Chinese Names of Cities on their Border with Russia.
  • 6 days Russian Officials Voice Concerns About Chinese-Funded Rail Line
  • 5 days CHINA Economy Disaster - Employee Shortages, Retirement Age, Birth Rate & Ageing Population
  • 10 days huge-deposit-of-natural-hydrogen-gas-detected-deep-in-albanian-mine
  • 6 days Putin and Xi Bet on the Global South
  • 6 days "(Another) Putin Critic 'Falls' Out Of Window, Dies"
  • 7 days United States LNG Exports Reach Third Place
  • 7 days Biden's $2 trillion Plan for Insfrastructure and Jobs

The Netherlands Calls On Large Energy Users To Reduce Consumption

The Netherlands said on Monday that large energy consumers would need to cut back on their usage beginning at the start of next year, Reuters has reported.

The restrictions are coming as part of the government’s desire to scale back CO2 emissions as well as reduce its reliance on Russian energy products.

Under the new rule, large energy consumers will be forced to invest in all possible energy savings measures, provided the investment can be recouped within a five-year span. The government will fund regulations to aid in the enforcement of such a plan.

The government said the measures would save 19 petajoules of gas and 7 petajoules of electricity per year within the first 7 years. This is the equivalent of 4 million barrels of crude.

According to the government, any amount of energy that they don’t use, won’t need to be produced.

The specific measures that need to be undertaken, designed to target those companies that use 50,000 Kwh of electricity annually or 25,000 cubic meters of gas, are now in the works.

The new rule is announced not even two weeks after the Netherlands said it would lift its current restrictions on coal-fired power plants, activating its “early warning” phase of its energy crisis plan. The Netherlands’ total coal-fired power capacity was 3.31 GW in 2020, and until the restrictions were lifted, this was set to fall to 3.18 GW by 2025, with eyes on a complete phase-out by 2030.

The Dutch government advised all of its citizens to use less gas in late March.

ADVERTISEMENT

Before Russia invaded Ukraine, the Netherlands imported 15% of all its natural gas from Russia, and while it has found some alternate sources of LNG, analysts say it could still face a shortage this winter.

By Julianne Geiger for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News