In addition to the electricity price brake, a subsidy for larger households will take effect immediately. This benefits all those who have more than three people as their main residence. Specifically, the state pays 105 euros for each additional person, which is deducted directly from the electricity bill.
In most cases this is done automatically, all others are informed by the Ministry of Finance that they can apply. A condition for the supplementary subsidy is that at least four people are registered in the central register of residents and purchase electricity via a household metering point. That applies to 85 percent of eligible households, representatives of the Ministry of Finance announced on Saturday.
For the others, for example, there are several measurement points at one address. These households will be informed about the subsidy by e-mail or post next week. The application must then be submitted digitally.
Brunner: “Disproportionately burdened”
Since December 1, 2022, the electricity cost brake introduced by the turquoise-green government has been in effect. This dampens the price for the first 2900 kilowatt-hours (kWh) of electricity per household, or the average consumption of a three-person household . The electricity price according to the supply contract must then be paid for the additional consumption.
“We have launched numerous aid measures to support people,” said Finance Minister Magnus Brunner (ÖVP). With the new subsidy, all larger households that are disproportionately burdened by increased electricity costs should now benefit.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
